thejoyofsaving.comEthereum
According to analytics company IntoTheBlock Ethereum, the main layer-2 (L2) protocols for Ethereum (ETH) are developing and finding their individual niches.
According to IntoTheBlock, the Ethereum scaling solutions Optimism (OP), Base, and Arbitrum (ARB) are forging their own identities and building a “robust and diverse ecosystem.”
When focusing on Base first, the analytics company claims that Coinbase’s new layer-2 protocol is gaining from the vast user base of the cryptocurrency exchange and the development of the blockchain-based social networking service Friend. tech.
“Ethereum’s L2 landscape is witnessing a surge of specialization among its key players.
With the most distinct addresses and transactions, Base is in the lead; this momentum is a result of Coinbase’s extensive reach. ideal for the success of social apps like FriendTech.
According to a recent article from IntoTheBlock, Friend. tech has gained over 100,000 members in the short time since its introduction.
Because of this, Pool has expanded its pool of retail customers, enhancing Coinbase’s advantages.
According to blockchain statistics, Base recorded over 1.8 million transactions on September 14th, breaking its previous record of about 1.4 million.
IntoTheBlock is keeping an eye on Arbitrum’s development and has seen that the layer-2 protocol is ruling the decentralized finance (DeFi) market.
“Arbitrum maintains unmatched transaction volumes, being home to the most liquid DEXs (decentralized exchanges), and boasting the highest TVL (total valued locked) in the DeFi space.”
As for optimism, the analytics company claims that by acting as the foundational protocol for additional layer-2s, the Ethereum scaling solution has found its niche.
“Optimism is realizing its superchain aspirations, particularly with the OP Stack finding utility as the foundational infrastructure for other L2 ventures like Mantle and Base,” according to the statement.
3 comments
Hello Odeni
Great insights! 📈 It’s always fascinating to see the potential for positive changes in the crypto world. 🚀 #CryptoOptimism”
Ethereum price will go up