Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum
Dear Frens,
Welcome back to the L2 Review.
Recent analysis has it that Base remains the key draw for fresh investments. This week, Base received over 6,500 ETH in net deposits, outpacing Arbitrum and Optimism by a significant margin. This suggests that investors prefer Base for deploying their capital, possibly because of its established infrastructure or its assumed dependability, despite the growing interest in Layer 2 scaling solutions overall.
Arbitrum, on its end, is making a mark in history as the first L2 to surpass the $150 billion total transaction volume on DEX with a TVL of $2.64 billion, solidifying its position as the largest Layer 2 by TVL. With this, many projects are integrating Arbitrum to benefit from its scalability and lower fees.
In this issue’s editorial, we explore a not-so-familiar topic captured in this newsletter, the Bitcoin Layer 2. What is brewing? What is the cause of the latest surge? What are some of its shortcomings? All these and more. It felt good putting this together; if you are interested in these kinds of posts, let us know in the poll below.
Truly, one thing is certain, Layer 2 solutions continue to transform the landscape of decentralized applications. Stay tuned and keep your eyes peeled for the latest updates, as the evolution of blockchain technology continues to unfold.
Contributors: Ritaakubue, anointingthompson1, jengajojo, Tonytad, Boluwatife, Kornekt, WinVerse
This is an official newsletter of BanklessDAO. Please subscribe and share to help us grow our audience as we fulfill our mission to build user-friendly crypto onramps.
[subscribe button]
[share button]
♾️ Ethernity Introduces the Ethernity Chain, an ETH Layer 2 with enhanced AI-driven security