Ethereum L2s now have over 12.7 million ETH locked on them. Will this translate to a rise in ETH’s price?How do the contributions of these Layer 2 solutions compare, and what is the overall trend of Ethereum’s Total Value Locked as Layer 2 TVL rises?The data indicated that the amount of ETH locked on these Layer 2 solutions recently surpassed 12.7 million.
Also, as of this writing, the volume of ETH locked on these Layer 2 solutions was over 12.734 million. Therefore, while the volume of locked ETH continues to increase steadily, we may observe fluctuations in the dollar equivalent based on the price movements of ETH.Layer 2 Total Value Locked revealed that three prominent L2 platforms collectively accounted for over 73% of the TVL.hold significant portions, with approximately $7.33 billion and $5.55 billion locked. These figures represent over 18% and nearly 14% of the total L2 TVL, respectively.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum ETH upgrade debate: How will EIP 3074 impact ETH’s future?Developers had mixed opinions about EIP 3074 during Ethereum's recent developers call. How will ETH react to this?
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum: The major reason why ETH cannot cross $4K easilyEthereum bulls tried to initiate a recovery but the volume failed to keep pace, and more consolidation could be in store.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum's Dencun Upgrade Lowers Costs on Layer-2 NetworksEthereum successfully implemented the Dencun upgrade, resulting in reduced costs on Layer-2 networks. The upgrade has led to increased activity and decreased gas fees for new users. Polygon and Base emerged as the top performers in terms of transactions, with Base generating higher fees. Additionally, BRETT's price has surged by 79.18% in the last 30 days.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum fees fall by 50%: Are Layer 2s taking over?Indicators have shown that transactions have dropped on the Ethereum network, which has significantly impacted the fees.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum holds $3K, for now – How can ETH’s price stay above it?The rise in the Ethereum Open Interest means it could swing between long and short positions in the coming days.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum: These 2 major factors will help shape ETH’s Q2 pricesDue to erratic price movements, bullish Ethereum whales find themselves liquidated. How will Ethereum see green going forward?
Source: CryptoAmb - 🏆 22. / 68 Read more »