Arbitrum Now controls over 50% of TVL on L2 Ethereum
In a market downturn, Arbitrum controls more than 50% of the TVL of all Ethereum L2 and launches the Odyssey interoperability initiative. As part of the upcoming launch of the community-driven bridge, DeFi enthusiasts will be able to claim exclusive non-interchangeable Tokens (NFT).
According to an official statement distributed by Arbitrum, its Odyssey initiative will officially launch next Tuesday, June 21, 2022. As part of the first stage, the "Bridge Week", various Ethereum-based solutions will be offered to increase the value of the Arbitrum.
"The Arbitrum Odyssey will officially begin on Tuesday, June 21, 2022, at 13:00 Eastern Standard time. We know that you, the Arbinavts, were very happy to go into the unknown with us, and we really want to see you on board!" the Arbitrum message says.
Celer, Hop Protocol, HashFlow, deBridge and other advanced Ethereum-based solutions have joined the Odyssey Arbitrum as technical partners.
DeFi enthusiasts will be able to use bridge solutions. And those who eventually used the bridge, and who had the most wallets connected to the Arbitrum, will be eligible for the distribution of NFT.
After the completion of the "Bridge Week", two technical partners announce two separate tasks each following week. All testers will also be eligible for NFT Limited edition.
In the market downturn, Arbitrum controls more than 50% of TVL of all L2
Arbitrum is the most important second-level solution for Ethereum (ETH) dApps. According to statistics provided by the L2Beat project, it accounts for 50.68% of the total TVL of all major platforms.
Arbitrum outshines 50% of pure L2s TVL. L2Beat Image
As the indicators of the total blocked value of L2 (TVL) have fallen by more than 50% since its peak recorded on April 1, 2022, they have fallen below the level of mid-October 2021.
Over the past seven days, the decline has accelerated: net TVL of the main L2 has fallen to $3.78 billion. Aztec, ImmutableX and dYdX have suffered the most from the current downturn.
https://coin-signal.com/ethereum/arbitrum-now-controls-over-50-of-tvl-on-l2-ethereum/
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