Three protocols compete for the domination of the layer of layer 2 Ethereum and its value of $ 52 billion in so -called decentralized finance (DEFI): arbitrum (arb), optimism (op) and base.
Haussiers investors even see the opportunity for layer 2 to move some of the market capitalization of $ 220 billion in Ethereum or even the values of other block chains like Solana or Avalanche.
Something of an improper term, a “layer 2” exceeds and accelerates the transactions of a layer 1 blockchain, but the layers 2 are essentially separate blockchains that publish data on a basic blockchain.
Arbitrum And Optimism were the first two major competitors, and their assessments remain closely twinned. Despite divergent forest approaches, ARB and OP are negotiated at less than 5% of fully diluted assessments of $ 3.2 billion.
Unlike arbitrum and optimism, the base is a layer 2 incubated business that does not have a native token. Instead of an initial offer of coins (ICO) or an Airdrop, the base has financially rewarded its founder of the Coinbase company with savings on transaction costs.
Base also used his social networks to promote a variety of ramification projects that emitted tokens themselves, like Zora (Zora) and the base of the base.
Optimism
The optimism growth strategy is based on a variety of corporate partnerships, even in the running and by marking whites of its technology for partners as a basis.
Although many optimism agreements have bribes for revenues for the benefit of token holders, they contain various contractual provisions which could make the long-term value planning of OP difficult.
A main researcher from Delphi Digital described the main optimism channel as a “tendency to Ghost Town”. To counter decline, optimism says it is Work on superchain interoperability for applications.
It boasts of major partnerships, including UNISWAP, curve and Aave financing.
Despite the base using optimism technology, it is now a direct competitor that rewards Coinbase much more than OP tokens holders.
Arbitrum
Unlike optimism, Arbitrum has kept most of its liquidity on its main blockchain. Unlike Optimism Flashy commercial partnerships and out -of -chain transactions, almost all revenues on arbitrum are directly attributable to holders of ARB token.
Because Arbitrum maintains its liquidity on the chain rather than in out chain partnerships, it is easier for TRACKERS DEFI to estimate its total locked value (TVL). Most estimates place the amount of cryptographic assets on the arbitrum blockchain in $ 2.3 billion.
TV Ponted from Arbitrum, which includes the double counting of various cryptographic assets through blockchains, exceeds $ 11 billion.
To continue to grow, Arbitrum has also encouraged an orbit of additional channels that exploit their own transaction sequencers. These orbit channels retain certain assets such as liquidity of the main channel of arbitrum.
Read more: Coinbase claims that the base of tokens that has just been launched is not at all a token
Base
The base supported by Coinbase has around 3 billion dollars on TVL and $ 14 billion on TVL bridged. Base claims transaction costs of less than a hundred, putting it well below Ethereum or Solana.
Even with the low costs he claims, the chain fees collected during a 24 -hour period reached millions of dollars for a few days at the end of March and early April 2024.
With founding links with the OP battery of optimism, the applications that are based on the basis are somewhat overlapping with the competing liquidity of Arbitrum Aave and Uniswap.
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