Ethereum Layer2 Lockup Statistics: A Comprehensive Overview
According to reports, L2BEAT data shows that as of now, the total lockup on Ethereum Layer2 is $9.17 billion, up 0.23% in the past 7 days. Among them, the highest lock in volume is
According to reports, L2BEAT data shows that as of now, the total lockup on Ethereum Layer2 is $9.17 billion, up 0.23% in the past 7 days. Among them, the highest lock in volume is the expansion plan, Arbitrum One, which is about 6.002 billion US dollars, accounting for 65.88%, followed by Optimism, which has a lock in volume of 1.954 billion US dollars, accounting for 21.45%.
The total lockdown on Ethereum Layer2 is $9.17 billion
As per the L2BEAT data, the total lockup on Ethereum Layer2 stands at $9.17 billion. This figure has gone up by 0.23% in the past 7 days. This simply indicates that Ethereum Layer2 is expanding at an unprecedented rate. In this article, we’ll dive deeper into the statistics surrounding this growth.
The Expansion Plan: Arbitrum One
The highest lock-in volume amongst all the Layer2 solutions is the expansion plan Arbitrum One. At present, it accounts for 65.88% of the total lockup on Ethereum Layer2, with a volume of $6.002 billion. The Arbitrum One’s advantage is its support for businesses and investors to launch decentralized applications with reduced fees and faster transaction speeds than that of the Ethereum network. Also, Arbitrum has issued their own token, ARB, that can be used for gas fees on Arbitrum One, just like how ETH is used on the Ethereum blockchain.
Optimism: The Second Highest Lock-in Volume
In terms of lock-in volume, Optimism is the second highest solution, accounting for 21.45% of the total lockup on Ethereum Layer2. The lock-in volume for Optimism currently stands at $1.954 billion. The significant feature of Optimism is its support for easy interaction between Layer2 protocols and the Ethereum blockchain, which ensures improved functionality, faster transaction speeds, and reduced gas fees.
Other Ethereum Layer2 Solutions
Apart from Arbitrum One and Optimism, Ethereum Layer2 has several other solutions, including Polygon, Loopring, zkSync, and more. These solutions have a combined lockup volume of $1.213 billion, which accounts for 13.17% of the total lockup on Ethereum Layer2.
Polygon
Polygon is one of the leading Ethereum Layer2 solutions, accounting for 5.29% of the total lockup volume, with a volume of $485.5 million. Polygon focuses on improving interoperability and scalability on Ethereum, with multiple projects from various sectors being built on the Polygon PoS chain.
Loopring
Loopring is another Layer2 Ethereum scaling solution with a lockup volume of $228.9 million, accounting for 2.50% of the total lockup on Ethereum Layer2. Loopring provides a fast, secure, and cost-effective way and improves transaction times on the Ethereum network.
zkSync
zkSync is an Ethereum Layer2 scaling platform that boasts a lockup volume of $187.9 million, accounting for 2.05% of the total lockup on Ethereum Layer2. The platform offers fast, cheap transactions with high security guarantees.
Final Thoughts
The Ethereum Layer2 ecosystem is expanding rapidly and providing solutions to several problems that Ethereum presents. The lockup volumes and percentages for each solution discussed here heavily depend on their respective features, marketing, adoption, and ease of use. Therefore, it is essential for developers and investors to keep an eye on the updates, news and other statistics of each Layer2 solution.
FAQs
1. What is Ethereum Layer2?
Ethereum Layer2 is a set of solutions that aim to provide high-throughput, low-latency, and low-cost transactions to the Ethereum network.
2. Why are Layer2 solutions crucial for Ethereum?
Ethereum is one of the most popular and widely used blockchain networks globally, and as its user base grows, the demand for faster, cheaper transactions has increased. Layer2 solutions help fulfill these needs.
3. How is the lockup volume calculated?
The lockup volume is the total value of assets locked on a particular Ethereum Layer2 solution.
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