Ethereum scaling solutions It became much more popular in 2022 and increased the competition in the sector. Optimism and Arbitrum, which stand out among the Layer-2 solutions, want to become one of the pioneers in the industry by bringing together over 160 protocols in total.
Optimism (OP), after the important development, the popular solution Polygon (MATIC) was able to pass. With the increase in adoption on the optimism front, another important step has been passed.
According to data from DefiLlama, a key follower of decentralized finance (DeFi) protocols, 61 products on the Optimism (OP) network have raised $2.38 billion in locked-in total value (TVL).
By the way, polygon 282 protocols in the network (MATIC) managed to attract 1.83 billion dollars. These figures include the borrowed money value.
Tron (TRX) and Solana (SOL) continue to be leaders in the non-EVM (Ethereum Virtual Machine) industry, with protocols compatible with the $5.88 billion and $2.29 billion locked Ethereum (ETH) respectively.
Ethereum Layer-2 Solutions Strengthen
Ethereum Optimism (OP) and Arbitrum, the two largest layer two networks on (ETH), use Optimistic Rollups technology to aggregate Ethereum (ETH) transactions and broadcast them to the mainnet.
In August 2022, Ethereum’s Tier-2 ecosystem finally managed to wipe its losses after the Terra (LUNA) drama in May. In terms of TVL, the protocols have risen to pre-collapse levels.
DefiLlama underlined that in the last seven days, Optimism (OP) has rallied 700% in terms of TVL amount.
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