Since Wall Street began to heavily buy $ETH, the market is not just treating it as an asset that is rising, but is also reassessing the value of the entire Ethereum ecosystem.
The rise of $ETH is not just an emotional explosion at the price level; whether it's DeFi, NFTs, or Layer 2, things have clearly become lively again, and many projects that had been quiet for a while are being discussed once more.
Thus, @0xPolygon and @arbitrum, as the two leaders of the EVM system, also seem to have come under the magnifying glass:
🟣 Polygon
• TVL has exceeded $4.1B, doubling from last year
• Daily average transaction volume is 8.4 million, which is quite high among all L2s
• zkEVM is also continuously expanding, having onboarded 72 new projects in Q1 of this year
• The number of developers and dApps is still increasing, indicating that real usage on the chain has not stopped
🔵 Arbitrum
• TVL has also reached $2.5B, making it a leading chain among current L2s
• $ARB has rebounded nearly 90% from its low in April, with funding sentiment clearly warming up
• Community activity and the pace of ecosystem development are both relatively stable
Overall, both chains seem to have a bit of a "keeping the rhythm" vibe after this round of ETH's rise.
If the market rhythm continues to rise, they may be part of the next phase of being repriced.
Of course, there are many variables in between, but at least for now, their rhythm seems quite smooth.
Why are institutions building on Polygon?
Trusted infrastructure, designed for greater efficiency and ready to scale for institutional demand.
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