Ethereum Layer2 Lock-Up Volume Shows Slight Dip in 7 Days
According to reports, L2BEAT data showed that the total lock-up volume on Ethereum Layer2 was US $6.190 billion, down 0.90% in the past 7 days. Among them, the…
According to reports, L2BEAT data showed that the total lock-up volume on Ethereum Layer2 was US $6.190 billion, down 0.90% in the past 7 days. Among them, the largest amount of lock-in is the expansion plan Arbitrum One, which is about $3.36 billion, accounting for 54.29%, followed by Optimism, which is $1.877 billion, accounting for 30.32%.
The total lock-up volume of Ethereum Layer 2 was $6.190 billion
Interpretation of the news:
Ethereum Layer2, a platform that enables quicker and cheaper transactions on the Ethereum network, has shown a slight downturn in lock-up volume over the past seven days, according to the latest data from L2BEAT. The total lock-up volume on Ethereum Layer2 is currently at US $6.190 billion, a 0.90% decrease from the previous week.
Despite the dip, Ethereum Layer2 remains a popular choice for those seeking to lock up their digital assets. The expansion plan Arbitrum One has the largest amount of lock-ins, with approximately $3.36 billion, representing 54.29% of the total lock-up volume. In second place is Optimism with $1.877 billion, which represents 30.32%.
The decline in lock-up volume on Ethereum Layer2 over the past seven days may be attributed to the overall volatility of the cryptocurrency market. Many investors may be hesitant to invest in digital assets due to the current uncertainty in the market. However, Ethereum Layer2 remains a popular choice for many, thanks to its ability to provide a faster, cheaper alternative to the Ethereum network, which is often plagued by high gas fees and slow transaction times.
The fact that Arbitrum One holds the largest amount of lock-ins is a testament to the success of the platform’s expansion plan. Since its launch in August 2021, Arbitrum One has quickly gained popularity among investors and traders, thanks to its ability to provide quick transaction times at a lower cost.
Optimism, on the other hand, has been in operation since October 2020 and has also gained a significant following. The platform promises to provide faster transaction times for Ethereum users, along with greater flexibility and scalability.
Overall, the decline in lock-up volume on Ethereum Layer2 may be due to the current state of the cryptocurrency market, but the fact that the platform remains a popular choice for many investors suggests that it will continue to grow and evolve in the coming years.
In summary, the lock-up volume on Ethereum Layer2 has seen a slight decrease in the past seven days, with the expansion plan Arbitrum One holding the largest amount of lock-ins, followed by Optimism. Despite the dip in lock-up volume, Ethereum Layer2 remains a popular choice for those seeking faster transaction speeds and lower costs.
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