Layer 2 protocols, including Arbitrum, Optimism, and Zksync, have observed significant growth since their inception.
The overall crypto market is currently experiencing turmoil due to the tensions between Israel and Iran. Meanwhile, various Layer 2 protocols have been observing steady growth over the past few months.
The current market cap for the overall Layer 2 category is around $22 Billion and has increased over 4% in the past 24 hours. Meanwhile, the overall traded volume of the category has plunged by 38%.
Let’s have a look at the Top 5 Layer 2 protocols to assess how they are performing.
ZkSync ( Lite+Era)
zKSync is a layer 2 protocol that is scaling Ethereum with its cutting-edge ZKTech. They can inherit 100% of the Ethereum security using their Roll-Ups. More than 230 million transactions have taken place on this network since its inception. There are also more than 1 million contracts on the network with $6M+ deployed.
The Total Value Locked (TVL) of ZkSync E
We współpracy z: https://www.thecoinrepublic.com/2024/04/15/a-look-into-the-top-4-layer-2-protocols-and-their-performance/
