Blocked assets volumes (TVL) on Ethereum-platforms of the second level (L2) are growing rapidly and have set a new historical maximum
Blocked Assets Volumes on Tier 2 Ethereum Platforms Set New Record
According to the analytical company L2BEAT, TVL-like platforms hit record highs in $6,16 billion. L2 platforms – these are scalable solutions, that run on top of the network Ethereum in order to increase transactional throughput.
During the week, TVL Ethereum-platforms of the second tier grew by more than 10%. Boba Network became the main driver of growth (BOBA), which is an L2 scaling solution for Ethereum and has demonstrated staggering TVL growth in 1134% – with $75 million as of 13 November to the current $926 million. Scaling solution Optimistic Rollup launched the mainnet at the end of September and now occupies 15% market share of L2 solutions.
Only two projects in this sector have a large market share: decentralized exchange dYdX (DYDX) with TVL level $995 million (more 16% market) and Arbitrum scaling solution with TVL about $2,59 billion (more 42% market).
TVL L2 solutions are skyrocketing since bottoming out in late September. In less than two months, the market has grown by 144% – with $2,5 billions as of 30 September to the current level above $6 billion.
