Quite a lot happened over the weekend, spanning Ethereum, Cardano and Avalanche — with a dose of Layer 2 activity thrown in.
Let’s dive straight in.
Total value locked in Arbitrum hits $2 billion
Ethereum’s second-layer scaling solution Arbitrum is getting its first stress test in the real world. Since going live on August 31, at least 76 projects have now integrated it, providing a variety of things to do on the network.
The network is a scaling solution based on optimistic rollups. In short, a lot of transactions can be executed on the network, which are then batched together