CoinGecko reports Arbitrum is largest L2 solution
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...