(∎, ∆) kingjunaid 🔵🎩
@kingjunaid12.eth
There are only 3 real L2s The rest were born for airdrops and died with the hype > Around 70% of the total TVL in L2s is on Arbitrum & Base > If you look at user activity over the past year, Arbitrum & Base are the two most used L2s > They also generated the most revenue in the past year (Base 1st, Arbitrum 2nd) > In terms of DeFi protocols and ecosystem growth, they are leading again > Arbitrum has the highest stablecoin ratio based on its TVL (45%) So what’s the third one? Optimism. > Why? Mainly because of the OP Stack and the Superchain ecosystem. Don’t forget, Base is also built with OP Stack > Also, OP holds about 7.5% of the total L2 TVL Now let’s talk about zkSync, Scroll, and Starknet
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(∎, ∆) kingjunaid 🔵🎩
@kingjunaid12.eth
> Their revenue is down by nearly 98% from their peak > Together, they only make up 3% of the total L2 TVL > They don’t really have a DeFi ecosystem, and they don’t support the few projects that exist > DEX volumes have dropped by around 80% over the last year > Their combined daily transaction count and user base is about 10x smaller than Arbitrum’s Market has already made its choice. Hype fades. Usage stays.
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