Thread L2
Arbitrum Odyssey Bridge week has ended. Week 2 of the event will be held on June 29
ImmutableX launches $500M funds to support Gaming projects
DyDx will be developed on Cosmos
Some L2’s data show that users are quite hesitant to deposit their funds on DeFi protocols
Arbitrum Odyssey Bridge week has ended. Week 2 of the event will be held on June 29
ImmutableX launches $500M funds to support Gaming projects
DyDx will be developed on Cosmos
Some L2’s data show that users are quite hesitant to deposit their funds on DeFi protocols
1/13
Highlights numbers:
Daily Transactions:
Arbitrum’s daily Txs witnessed ~2x growth from June 21 (120k => 240k)
Seems like the Bridge week has the positive effects on network activities
Highlights numbers:
Daily Transactions:
Arbitrum’s daily Txs witnessed ~2x growth from June 21 (120k => 240k)
Seems like the Bridge week has the positive effects on network activities
2/13
Meanwhile Optimism’s Daily Txs remain sideway
From June 20 to June 27, Daily Txs change ~2.8%
After the OP Airdrop, Optimism hasn't made any clearly further moves on incentives program
Plus with OP's price drop => Optimism ecosystem has lost its traction
Meanwhile Optimism’s Daily Txs remain sideway
From June 20 to June 27, Daily Txs change ~2.8%
After the OP Airdrop, Optimism hasn't made any clearly further moves on incentives program
Plus with OP's price drop => Optimism ecosystem has lost its traction
3/13
The slight recovery of the market made TVL of L2s rebound again
Despite ETH price spiked 5.7% (7D) & Odyssey Bridge Week, Arbitrum’s TVL grew 5.78%
Optimism’s TVL grew 11.47% due to OP token’s contribution
Not too many outstanding growth metrics from other L2s
SRC: L2 Beat
The slight recovery of the market made TVL of L2s rebound again
Despite ETH price spiked 5.7% (7D) & Odyssey Bridge Week, Arbitrum’s TVL grew 5.78%
Optimism’s TVL grew 11.47% due to OP token’s contribution
Not too many outstanding growth metrics from other L2s
SRC: L2 Beat
4/13
According to DeFi Llama:
Arbitrum's TVL: $720M
Optimism’s TVL: $287M
DeFi Llama and L2Beat have phase difference in TVL metrics since DeFi Llma only takes into account TVL in the DeFi protocols.
According to DeFi Llama:
Arbitrum's TVL: $720M
Optimism’s TVL: $287M
DeFi Llama and L2Beat have phase difference in TVL metrics since DeFi Llma only takes into account TVL in the DeFi protocols.
5/13
DeFi Llama does not take into account the funds in Bridges (developed by Optimism, Arbitrum, ...), therefore the TVL is smaller than L2 Beat
=> This also shows that not many users want to use DeFi protocols due to security concerns
DeFi Llama does not take into account the funds in Bridges (developed by Optimism, Arbitrum, ...), therefore the TVL is smaller than L2 Beat
=> This also shows that not many users want to use DeFi protocols due to security concerns
6/13
Ecosystem Highlights:
Arbitrum:
During the Bridge Week event, Hop was the leading Bridge => users used Hop to receive NFT bonus => Pending Tx (due to lack of ETH liquidity) took place.
Arbitrum Odyssey week 2 will be officially started on June 29 00:00 UTC
Ecosystem Highlights:
Arbitrum:
During the Bridge Week event, Hop was the leading Bridge => users used Hop to receive NFT bonus => Pending Tx (due to lack of ETH liquidity) took place.
Arbitrum Odyssey week 2 will be officially started on June 29 00:00 UTC
7/13
ZkSync:
ZigZag, an orderbook DEX on ZkSync has issued their token (ZZ) through an IDO event on June 24
The token launch will serve the governance process and will determine the retroactive form for early contributors
ZkSync:
ZigZag, an orderbook DEX on ZkSync has issued their token (ZZ) through an IDO event on June 24
The token launch will serve the governance process and will determine the retroactive form for early contributors
8/13
ImmutableX released a $500M fund
The Immutable team will work with other VCs to establish and make decisions on this capital. Among the VCs we can see is Animoca Brands, which is also a VC with great financial potential and specializes in Gaming.
ImmutableX released a $500M fund
The Immutable team will work with other VCs to establish and make decisions on this capital. Among the VCs we can see is Animoca Brands, which is also a VC with great financial potential and specializes in Gaming.
9/13
dYdX will be developed as a standalone blockchain based on the Cosmos SDK and Tendermint PoS consensus protocol.
dydx.exchange
dYdX will be developed as a standalone blockchain based on the Cosmos SDK and Tendermint PoS consensus protocol.
dydx.exchange
10/13
How this sifnificant change is best suited for dYdX:
How this sifnificant change is best suited for dYdX:
11/13
Switching to Cosmos can bring certain benefits to dYdX:
- Scaling
- Stronger use cases for its token
Switching to Cosmos can bring certain benefits to dYdX:
- Scaling
- Stronger use cases for its token
12/13
However, in return, there are issues related to security, the level of safety of the Bridge, ... because the Zk Rollups solution on Ethereum is being evaluated very potential
However, in return, there are issues related to security, the level of safety of the Bridge, ... because the Zk Rollups solution on Ethereum is being evaluated very potential
13/13
This news also makes the community wonder about the current “overvalued” Zk Rollups solutions because they seem to be building slower than the market needs (dYdX case study)
This news also makes the community wonder about the current “overvalued” Zk Rollups solutions because they seem to be building slower than the market needs (dYdX case study)
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