Analysis Daily TheBitTimes.com

In a Nov. 9 post on X, CoinGecko reports Arbitrum as being the largest Layer 2 solution, with a total of $1.79 billion in total value locked (TVL) in October, or 41.2% of the top 10 L2 solutions market share. Although this is still down from its yearly peak of $2.6 billion in May 2023.  Polygon takes second  After Arbitrum, Polygon takes the second spot, with a total of $0.78 billion in TVL over the course of October, with its yearly peak of $1.18 billion being reached in February 2023. At this time, eight months earlier, Polygon had just undergone its V0.3.1 Hardfork upgrade in January 2023, reducing gas spikes and addressing reorganizations for the chain.  What are the largest layer 2 solution s? Our study shows that @arbitrum is the largest L2 solution , with $1.79B in total value locked in October 2023. Let's dive into the numbers and look at the top L2s by TVL Read the full study: https://t.co/ASZ3PaNg9I pic.twitter.com/JVzJE5ybfm — CoinGecko (@coin...

Kasikornbank has acquired $103 million worth of shares of the Satang crypto exchange through its subsidiary Unita Capital. Thailand’s financial giant Kasikornbank (KBank) has bought 97% shares of the local crypto exchange dubbed Satang Pro, Thai newspaper Bangkok Biz News reports. In a regulatory filing, the bank said it had acquired 3.705 billion Thai baht (nearly $103 million) worth of shares in Satang’s parent company through Unita Capital, a subsidiary of KBank. Once the deal is done, KBank will rebrand Satang into Orbix as well as establish new arms, Orbix Custodian, Orbix Invest, and Orbix Technology, in a bid to expand crypto -related services in Thailand. You might also like: Thailand delays $15b crypto giveaway citing security concerns Established in 2017, Satang Pro is one of the few crypto exchanges in Thailand regulated by the Securities and Exchange Commission. In 2022, Thailand’s financial watchdog issued civil sanctions against Satang ...