Nearly $1 Billion Ethereum (ETH) Locked in L2

Ethereum’s second layer solutions are beginning to take off just weeks after some of them launched with a new one, Arbitrum, going out just this Tuesday.

The speed of adoption for such scaling solutions is a first for this space, with $882.3 million worth of digital assets now locked in ethereum second layers.

According to data by L2Beat, the vast majority of it is in dYdX with nearly $300 million locked, followed by Loopring.

Continue reading