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Cryptocurrency News by Tradecoind2
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[QUOTE="tradecoind2, post: 327295, member: 103239"] [IMG]https://f42-zpg-r.zdn.vn/3525186678944446918/774682105b808cded591.jpg[/IMG] Total value locked in DeFi, a key metric for programmable blockchains, is increasing in the Ethereum-based layer 2 solution segment. Despite overall market indifference, the net TVL of the top 30 platforms has increased 32% over the past 4 months. [HEADING=1][B]TVL of Ethereum L2 reaches ATH[/B][/HEADING] Yesterday, October 27, 2023, the aggregate locked value across all Layer 2 platforms on Ethereum (ETH) reached a new all-time high. It quickly hit the $12 billion mark, but then stabilized at nearly $11.87 billion. The previous historic high was recorded on April 17, at $11.85 billion. In the past hours, it has decreased slightly to 11.81 billion USD. Thus, measured in USD value, TVL has increased more than 114% in the past 12 months despite the lackluster performance of the cryptocurrency market. In terms of ETH value, the record was registered on October 11, 2023. The ecosystem reached 6.72 million ETH locked, while it barely surpassed 3.5 million Ether (ETH) a year ago. Over the past seven days, the L2 ecosystem has added 10.36% TVL in dollars. A selection of the largest L2s — Arbitrum, OP Mainnet (formerly Optimism), Starknet, ImmutableX and Loopring — achieved even more impressive gains. Ethereum (ETH), the most important asset for L2, is up 10.14% in the corresponding period. Meanwhile, L2 on Ethereum (ETH) remains highly dominated by whales. The two largest networks – Arbitrum and OP Mainnet – are responsible for over 90% of TVL in the ecosystem. Base, the fastest growing L2, is defending third place with 4.83%. Next are zkSync Era and dYdX with rates of 3.8% and 3% respectively. Source: [URL unfurl="true"]https://tradecoind2.com/ethereum-l2-surprisingly-sets-new-ath/[/URL] [/QUOTE]
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