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Ethereum Layer2 Lock-up Volume Rises to $5.65 Billion

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According to reports, L2BEAT data showed that as of March 12, the total lock-up volume on Ethereum Layer2 was $5.65 billion. Among them, the largest amount of l

Ethereum Layer2 Lock-up Volume Rises to $5.65 Billion

According to reports, L2BEAT data showed that as of March 12, the total lock-up volume on Ethereum Layer2 was $5.65 billion. Among them, the largest amount of lock-in is the expansion plan Arbitrum, about 3.2 billion US dollars, accounting for 56.68%; The second is Optimism, with the lock-in amount of 1.63 billion US dollars, accounting for 28.99%; The third is dYdX, with a lock-in amount of 288 million US dollars, accounting for 5.1%

The total lock-up volume of Ethereum L2 network is $5.65 billion

Analysis based on this information:


The recent L2BEAT data reveals that Ethereum Layer2 lock-up volume has reached a new high of $5.65 billion as of March 12, 2021. Among all Layer2 projects, the majority of the lock-in amount goes to the expansion plan Arbitrum, accounting for 56.68% with $3.2 billion locked in. The second most popular Layer2 project is Optimism, with $1.63 billion locked in, accounting for 28.99%. In third place is dYdX, with a lock-in amount of $288 million, accounting for 5.1%.

This data shows a significant increase in Ethereum Layer2 lock-up volume, indicating that Layer2 solutions are becoming increasingly popular among investors and developers. Utilizing Layer2 scaling solutions allow the Ethereum network to process more transactions and enables faster and cheaper transactions.

Arbitrum, being the most popular Layer2 project, aims to provide a user-friendly platform with low transaction fees and high speed. Arbitrum utilizes a roll-up technology that speeds up transactions by aggregating multiple transactions into a single batch, reducing the congestion on the Ethereum network. It also allows developers to transfer smart contracts and dApps seamlessly from Ethereum to the Arbitrum platform without any changes.

Optimism, on the other hand, utilizes an optimistic roll-up technology that ensures Ethereum’s security while increasing its scalability. It provides faster transactions by aggregating multiple transactions on a separate Layer2 network, which is then synced back to Ethereum’s mainnet. Developers can migrate their applications to Optimism without any changes since it is compatible with Ethereum’s development tools.

While the lock-in amounts for Arbitrum and Optimism are significantly higher than other Layer2 projects, it’s important to note that dYdX’s lock-in volume is also substantial at $288 million. dYdX is a decentralized trading platform that allows users to trade cryptocurrency with high leverage and low fees. dYdX is built on Ethereum’s Layer2 solution, StarkWare, which utilizes a zk-rollup technology to increase transaction speed and low fees while maintaining high security.

In conclusion, Ethereum’s Layer2 solutions are gaining significant traction among investors and developers, with lock-in volumes reaching $5.65 billion. The popularity of Arbitrum, Optimism, and dYdX is a testament to the increasing demand for faster and cheaper transactions, with developers looking for alternative ways to scale their dApps without overwhelming the Ethereum network.

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