1. PixelPlaygroundHome
  2. Blockchain Briefs

An Overview of Ethereum Layer 2’s Current Total Lockup Volume and Top Locked Positions

• Blockchain Briefs • 88 views

According to reports, according to L2BEAT data, the current total lockup volume of Ethereum L2 is 10.51 billion US dollars, with a 7-day increase of 14.92%. Among them, the top fiv

An Overview of Ethereum Layer 2s Current Total Lockup Volume and Top Locked Positions

According to reports, according to L2BEAT data, the current total lockup volume of Ethereum L2 is 10.51 billion US dollars, with a 7-day increase of 14.92%. Among them, the top five locked positions are: Arbitrum One ($7.03 billion, a 7-day increase of 16.69%); Optimism ($2.14 billion, up 9.3% on the 7th); DYdX ($372 million, up 6.7% on the 7th); ZkSyncEra ($242 million, up 54.39% on the 7th); Immutable X ($144 million, up 14.19% on the 7th).

The total lockdown of Ethereum L2 has increased to $10.5 billion, with zkSyncEra approaching $250 million

As per the L2BEAT data, the present total lockup volume of Ethereum’s Layer 2 (L2) is 10.51 billion US dollars, with a 7-day increase of 14.92%. In this article, we will discuss this data in more detail, specifically focusing on the top five locked positions and their increasing values over the past seven days.

Table 1: Outline of the Article

1. Introduction
2. Understanding Ethereum L2 and lockup volume
3. L2BEAT data on Ethereum L2 lockup volume growth
4. Top five locked positions on Ethereum L2
5. Analysis of top five locked positions
6. Conclusion
7. FAQs

Table 2: The Article

**Introduction**
Layer 2 is a scaling solution for Ethereum that enables fast and cheap transactions while reducing network congestion. It works by processing transactions off-chain, and then bundling them together in a single transaction that is broadcasted to the mainnet. This technique allows for faster transaction throughput and lower gas fees, making it an attractive option for many users. In this article, we will look at the total lockup volume of Ethereum Layer 2 and the top five locked positions on it.
**Understanding Ethereum L2 and lockup volume**
Ethereum L2 refers to a set of protocols built on top of Ethereum’s Layer 1 (L1) that aims to increase its transaction capacity. These protocols enable a large number of transactions to be processed off-chain, making it easier for users to participate in decentralized applications (dApps) without having to pay high gas fees.
Lockup volume refers to the total value of assets that have been deposited into smart contracts on L2 protocols, which are locked up to provide liquidity to dApps.
**L2BEAT data on Ethereum L2 lockup volume growth**
According to L2BEAT data, the total lockup volume of Ethereum L2 is currently at 10.51 billion US dollars, which is a significant increase of 14.92% over the past seven days. It shows that more users are opting for L2 solutions to conduct their transactions.
**Top five locked positions on Ethereum L2**
Among the top locked positions on Ethereum L2, the leading position is held by Arbitrum One, with a lockup of $7.03 billion, an increase of 16.69% over the past seven days. The second position is held by Optimism, with a lockup of $2.14 billion, an increase of 9.3% over the past seven days.
The third position is held by DYdX, with a lockup of $372 million, a 6.7% increase over the past seven days. The fourth position is held by ZkSyncEra, with a lockup of $242 million, a 54.39% increase over the past seven days. The fifth position is held by Immutable X, with a lockup of $144 million, a 14.19% increase over the past seven days.
**Analysis of top five locked positions**
The high value of Arbitrum One’s lockup position indicates that it is the most popular Ethereum L2 protocol at the moment, with a significant increase in lockup volume over the past seven days. Optimism and DYdX are also gaining popularity but at a slower pace. On the other hand, ZkSyncEra and Immutable X are experiencing significant growth, showing that they are becoming more popular among users.
**Conclusion**
The lockup volume of Ethereum L2 has seen a remarkable increase over the past seven days, with a total lockup volume of 10.51 billion US dollars. The leading protocol is Arbitrum One, followed by Optimism, DYdX, ZkSyncEra, and Immutable X, with varying rates of growth in their lockup volume.
**FAQs**
1. What is Ethereum L2?
Ethereum L2 refers to a set of protocols built on top of Ethereum’s Layer 1 (L1) that aims to increase its transaction capacity.
2. What is lockup volume?
Lockup volume refers to the total value of assets that have been deposited into smart contracts on L2 protocols, which are locked up to provide liquidity to dApps.
3. Why are users opting for L2 solutions?
L2 solutions offer faster transaction throughput and lower gas fees, making it easier for users to participate in decentralized applications (dApps).

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/16303/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/15/2023 01:38
Next 04/15/2023 02:23

Recommended articles