Ethereum co-founder Vitalik Buterin noted the “undoubted” development of rollups, highlighting the transition of the Arbitrum (ARB) network to the “first stage.”
The rollup status is divided into three points (from 0 to 2). The first stage means having a functional consensus system. At this stage, a security council is needed, at least five independent participants who can provide evidence of fraud, and a smooth exit for users.
The zero stage indicates the incompleteness of the protocol, and the second reflects its full functioning.
According to l2beatthe total value of assets blocked in second-level networks is $20.15 billion.
TVL L2 networks. Data: l2beat.
At the time of writing, the largest rollup is Arbitrum One (~$9.6 billion), followed by OP Mainnet ($6.28 billion) and Metis Andromeda ($739 million).
After Buterin’s tweet, the ARB token grew by almost 20% in 24 hours, from $1.32 to $1.58.
The coin’s capitalization exceeded $2 billion with a daily trading volume of $1.5 billion (CoinGecko).
At the same time, the native token Optimism (OP) showed positive dynamics, adding 15% over the past day. At the time of writing, the asset is trading at $3.8.
Capitalization OP reached $3.4 billionand its trading volume amounted to $1.1 billion.
The day before, quotes for the native coin of the PancakeSwap trading platform jumped by 25% after burning 10 million CAKE. On the same day, Polygon (MATIC) and Bitcoin Cash (BCH) showed activity.
On December 24, quotes for the Solana token (SOL) rose to $118 for the first time since April 2022. Other on-chain blockchain metrics also reached new yearly highs.
Source: Cryptocurrency
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