Thursday, September 28, 2023
HomeEthereumEthereum's Arbitrum Now Controls over 50% of All L2s' TVL

Ethereum’s Arbitrum Now Controls over 50% of All L2s’ TVL

Vladislav Sopov

The largest Ethereum-based second-tier solution is ready to launch Arbitrum Odyssey, a community-driven eccentric journey


Within the context of the upcoming community-driven interoperability initiative Odyssey, DeFi enthusiasts will be able to request exclusive non-fungible tokens (NFTs).

Arbitrum’s Odyssey begins June 21, 2022

According to an official statement shared by Arbitrum, the Odyssey initiative will officially begin on Tuesday, June 21, 2022. In the first phase, “Bridge Week,” various Ethereum-based solutions are invited to bridge value to Arbitrum.

Celer, Hop Protocol, HashFlow, deBridge, and other state-of-the-art Ethereum-based solutions have joined Arbitrum Odyssey as technical partners.

DeFi enthusiasts will be able to use the bridge solution. Those who decide to use the bridge with the most wallets to bridge to the Arbitrum will be eligible for NFT airdrops.


Every week after “Bridge Week”, two technical partners announce two separate tasks. All testers are also subject to limited NFT distribution.

In the market genocide, Arbitrum controls over 50% of all L2 TVLs

Arbitrum is Ethereum (ETH) dApp’s most important second-tier solution. According to statistics shared by the L2Beat project, the L2Beat project accounts for 50.68% of the aggregated TVL on all mainstream platforms.

Arbitram eats 50% of TVL on Net L2
Image by L2Beat

The L2 Total Lock (TVL) metric fell below mid-October 2021 levels as it plummeted by more than 50% since its peak was registered on April 1, 2022.

Dropdowns have accelerated in the last 7 days. The major L2 net TVL plummeted to $ 3.78 billion. The Aztecs, ImmutableX and dYdX are one of the worst victims of this genocide.

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