DeFi TVL continues to grow on several L1 platforms. The new generation blockchains like Solana, Avalanche and Fantom have seen exponential growth of TVL due to high liquidity mining incentives. While these L1 blockchains have attained investor attention, Layer 2 TVL on Ethereum also crossed $3b some days ago. Presently, Ethereum Layer 2 TVL stands at $3.5b (257%+ up in the last 7 days) as per
I've criticized ethereum many times before. They were all on gas fee. But I see that L2 projects have addressed this.
There is a good work on this. Arbitrum has also offered a solution to this.
I've been researching L2 for a while. It's a very deep place. Therefore, studies can be both very advanced and undeveloped. So I think it could be open to attack.
But it's great to see solutions. I hope he succeeds. But the step has been taken for one thing. Even if this is not successful, I am sure that there will be successful projects by developing them after that.
Thanks for the nice article.
The market needed such projects. I have no doubt that it will be useful for us.
This is the solution to something that is now a hereditary problem. It's a great thing if I get it right.
It will solve what people are worried about.
There will be more transactions on Ethereum. That's where I think the problem starts.
Projects such as AVAX SOL have received this response. They received a lot of transfers and their network was blocked. If the same happens, there may be a catastrophic scenario.
I'm gonna worry about this all the time. I hope I'm wrong.
Thanks for the article.
Have a nice day.
Reading about Arbitrum and Optimistic on Cryptowriter articles, I think they are doing great job to bring solution for massive gas fees. 50x less fee is a great deal, looking at the average daily fee average and TVL on both platforms significant amount of ETH users seem to use L2 networks. I hope the solution will not be temporary and find its way to eliminate the fee problem.
Great article giving a much-needed clear tutorial for people new to jumping off to L2 solutions. I think this is very helpful to clearly explain things. Very useful.
The more I see such projects, the more hopeful I am for the future. What Arbitrum and Optimism aim to do is very valuable. I hope people pay enough attention to these and we can see more.
Thanks for the explanation.
I hope more projects move to Arbitrum and have enough liquidity for the masses to use.
We are so tired of these ETH gas fees. We need a change!