Ethereum Layer 2 Locks Surge to $7B, Boosting Investor Confidence – Cryptonium


All about the world of cryptocurrencies

Ethereum Layer 2 Locks Surge to $7B, Boosting Investor Confidence

ise of Layer 2 solutions has been accompanied by a surge in the amount of funds locked into these platforms. According to data from DeFi Pulse, the top five platforms with the highest locked positions are ArbitrumOne, Optimism, ImmutableX, dYdX and Metis Andromeda.

ArbitrumOne is currently leading this list with $3.87 billion in total locked positions – an increase of 22.9% since yesterday alone! Optimism follows closely behind at $2.12 billion – an impressive 26-83% jump on 7th April 2021 – while ImmutableX saw a significant 55-66% rise to reach its current position of $1.65 billion worth of assets locked within their platform’s smart contracts

Next up we have dYdX which experienced a slight decrease (0-99%) but still holds strong at 331 million dollars worth or assets under management and finally Metis Andromeda that recorded 12-26 % growth for its 133 million dollar pool .

All these developments point towards increasing demand for decentralized applications and layer two scaling solutions as developers look for better ways to manage transaction costs without sacrificing security or decentralization . This trend seems likely to continue over time as more users flock towards Ethereum’s alternative networks , so it will be interesting to see how things develop over the coming months !

Cryptonium Editors