In a recent post to X, Ethereum Community member Ryan Berckmans stated that the layer-2 eco-system is still robust. Protocols and EVMs (Ethereum Virtual Machines) are growing and becoming more widespread.
The comments were made in response a blog post by Movement Labs founder Rushi Mache. said, “EVM L2s will go to zero. they mostly all suck compared to SOL.”
Berckmans replied, asserting that the L2 Ecosystem was still viable. “growing like crazy,” Before adding, cite ecosystem analysis platforms such as L2beat “Coinbase made an EVM L2. So did Worldcoin. So did Immutable X.”
The Layer-2 Growth is Impressive
Layer-2s is also seen as an integral component of EthereumHe continued by arguing that layer-2 networks on Ethereum’s second-largest chain offer a better value compared to other layer-1 networks because of Ethereum’s “credible neutrality” As a base.
Manche’s argument that Ethereum is a more mature ecosystem and has a total locked value of $600 billion, which contradicts the claims made by Manche, was rebutted. Solana The superiority of the is superior.
EVMs and L2s are killing the game
People who wager against EVMs and L2s are likely to lose a lot of money.
It was a very wrong post and I would like to comment on it.
TL;DR ignore the FUD, L2s and EVM are growing to global ubiquity.…— Ryan Berckmans ryanb.eth (@ryanberckmans) June 26, 2024
Berckmans forecast that the L2s would significantly exceed Solana’s transaction throughput within a few years.
“Regardless of any one L2, the L2 ecosystem’s overall total tps will soon far, far surpass Solana’s tps. In five years, by like 100x.”
He also said that Ethereum’s Later-2 ecosystem was seen by corporations and government as being more appealing due to the security and decentralization features. He described a “settlement network effect” Ethereum is a good example, as the layer-2 ecosystem has grown and offers more benefits.
Berckmans said that Manche’s remarks make it seem like EVMs L2s have died and that L2s don’t offer much value. “But neither of those things is true.”
“What we’re actually seeing is that Ethereum’s L2 model is killing it, and EVM is leading the pack by far.”
View L2 of the Ecosystem
The current total locked value across all L2 protocol is 42,86 billion dollars. according To L2beat. Moreover. The TVL in question has been stable since March, despite the 18% decline in crypto markets over this period. L2 TVL is up by 280% since the same period last year.
Arbitrum One has a TVL worth $17 billion with almost 40% of the market. Coinbase Base comes in second with $7.3 billion TVL, and 17% market share. OP Mainnet follows with $6.4 and 15%.
The L2beat List 58 protocolsThis is an indication of the growth in ecosystems compared with the few species that were on this list a year ago.
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Source: cryptopotato.com