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🚀Layer 2 TVL Soars Amid Optimism Ecosystem Growth

The Defiant

DeFi Alpha

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Together with

GM Defiers!

Wishing everyone happy holidays from The Defiant!

The total value locked in Ethereum's Layer 2 ecosystem is posting record highs following impressive growth within the broader Optimism ecosystem. Five of the eight-largest L2s by TVL are currently built on top of Optimism's tech.

In other news, Lido's staked Ether dominance is falling despite Blast's TVL crossing $1B, and PancakeSwap is set to drop its maximum token supply by 40%.

✍️ In today’s newsletter:

  • Layer 2 TVL tags new record highs
  • Lido dominance recedes throughout December
  • PancakeSwap's quest for deflationary tokenomics

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Check out our video exploring the booming web3 sector in Turkiye. And watch our podcast with Jameson Lopp, the CTO of CasaHODL.

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