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Home Ethereum

Ethereum’s Arbitrum Now Controls over 50% of All L2s’ TVL

admin by admin
June 18, 2022
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Ethereum’s Arbitrum Now Controls over 50% of All L2s’ TVL
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Vladislav Sopov

Largest Ethereum-based second-layer answer is able to launch Arbitrum Odyssey, an eccentric community-driven journey

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Contents

  • Arbitrum’s Odyssey kicks off on June 21, 2022
  • Amid market carnage, Arbitrum controls over 50% of all L2s’ TVL

Throughout the context of upcoming community-driven interoperability initiative Odyssey, DeFi fanatics will be capable to declare unique non-fungible tokens (NFTs).

Arbitrum’s Odyssey kicks off on June 21, 2022

In line with the official assertion shared by Arbitrum, its Odyssey initiative formally begins subsequent Tuesday, on June 21, 2022. Inside its first part, “Bridge Week,” numerous Ethereum-based options might be invited to bridge worth to Arbitrum.

📣 The Arbitrum Odyssey will formally begin on Tuesday June twenty first, 2022 at 1pm EST.

We all know you arbinauts have been very excited to enterprise into the unknown with us, and we’re very desirous to have you ever aboard! 🚀

However earlier than we proceed, our area engineers have a small replace: pic.twitter.com/RpXj2p9yb8

— Arbitrum (@arbitrum) June 17, 2022

Celer, Hop Protocol, HashFlow, deBridge and different cutting-edge Ethereum-based options have joined Arbitrum Odyssey as technical companions.

DeFi fanatics will be capable to use bridge options; those who ended up utilizing the bridge that had essentially the most wallets bridging into Arbitrum might be eligible for an NFT airdrop.

Adverts

After “Bridge Week” is over, each week, two of the technical companions will announce two separate duties. All testers can even be eligible for restricted NFT distributions.

Amid market carnage, Arbitrum controls over 50% of all L2s’ TVL

Arbitrum is crucial second-layer answer for Ethereum (ETH) dApps. Per statistics shared by the L2Beat challenge, it’s liable for 50.68% of the aggregated TVL of all mainstream platforms.

Arbitrum eclipses 50% of net L2s TVL
Picture by L2Beat

As L2s’ complete worth locked (TVL) metrics plummeted over 50% since its peak registered on April 1, 2022, it dropped beneath mid-October 2021 ranges.

Prior to now seven days, the dropdown accelerated: the web TVL of main L2s plunged to $3.78 billion. Aztec, ImmutableX and dYdX are among the many worst victims of this carnage.





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