Understanding the Current Lock-Up Volume of Ethereum L2: An Overview

04/12/2023 05:11 • Blockchain Briefs • 84 views

According to reports, according to L2BEAT data, the current total lock up volume of Ethereum L2 is 9.22 billion US dollars, an increase of 1.32% on the 7th. Among them, the top five locked positions are: ArbitrumOne ($6.05 billion, up 1.93% on the 7th); Optimism ($1.94 billion, up 3.7% on the 7th); DYdX (349 million US dollars, a 7-day increase of 0.43%); ZkSyncEra ($208 million, up 66.81% on the 7th); ImmutableX ($127 million, up 5.99% on the 7th).

The current total lockdown volume of Ethereum L2 is 9.22 billion US dollars

With the increasing popularity of cryptocurrencies comes an increasing market for decentralized finance (DeFi) based on blockchain technology. Ethereum is one of the most popular cryptocurrencies, and it is the host of the Ethereum L2, which is seeing a surge in lock-up volumes.
According to recent reports and data from L2BEAT, the current total lock-up volume of Ethereum L2 is 9.22 billion US dollars. This represents a 1.32% increase since the 7th of the month. The top five positions in terms of lock-up volumes are ArbitrumOne, Optimism, DYdX, ZkSyncEra, and ImmutableX. Below is an overview of each of these main positions and their lock-up volumes.

ArbitrumOne

ArbitrumOne currently has a lock-up volume of 6.05 billion US dollars, which is a 1.93% increase since the 7th. ArbitrumOne is a DeFi protocol that enables users to create decentralized applications (dApps) on the Ethereum blockchain to provide high-speed, low-cost transactions.

Optimism

Optimism is a decentralized platform that aims to scale Ethereum L2 by enabling high-speed, low-cost transactions. It currently has a lock-up volume of 1.94 billion US dollars, an increase of 3.7% since the 7th.

DYdX

DYdX is a decentralized trading platform aimed at providing open, fair, and seamless financial markets. Its lock-up volume currently stands at 349 million US dollars, which represents a 0.43% increase in the past seven days.

ZkSyncEra

ZkSyncEra is a layer 2 scaling solution for Ethereum that enables high-speed, low-cost transactions. Its lock-up volume currently stands at 208 million US dollars, which is a 66.81% increase since the 7th.

ImmutableX

ImmutableX is a layer 2 scaling solution that aims to provide a fast, secure, and scalable alternative to traditional blockchain solutions. Its lock-up volume currently stands at 127 million US dollars, a 5.99% increase since the 7th.
In conclusion, Ethereum L2 is seeing a significant increase in lock-up volumes in recent days. The top five positions based on lock-up volumes are ArbitrumOne, Optimism, DYdX, ZkSyncEra, and ImmutableX. These platforms aim to provide a high-speed, low-cost alternative to traditional blockchain solutions while also ensuring the security and scalability of their platforms.

FAQs

1. What is Ethereum L2?
Ethereum L2 is a scaling solution for Ethereum that aims to address its scalability issues by enabling high-speed, low-cost transactions.
2. What is decentralized finance (DeFi)?
Decentralized finance (DeFi) refers to a financial system built on blockchain technology that is decentralized and operates without any central authority.
3. Why is the lock-up volume of Ethereum L2 important?
The lock-up volume of Ethereum L2 is important as it indicates the level of user adoption and its growth potential. As the ecosystem grows, the demand for the platform’s services and tokens is likely to increase as well.

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