Ethereum Layer 2 Networks Hit ‘Critical Mass’ as The Merge Approaches
Ethereum's next generation Layer 2 networks are pumping, with their total value locked hitting $7B several days after posting a record high of $7.4B on April 2, according to L2beat.Layer 2s such as Arbitrum and Loopring offer reduced transaction fees and high-speed transactions compared to Ethereum's Layer 1 mainnet.
Darren Langley, general manager of Rocket Pool, an Ethereum staking provider allowing deposits of less than 32 ETH, also told The Defiant that the migration of Ethereum users to Layer 2 has recently "Hit a critical mass where L2s are now benefiting from network effects" in comments to The Defiant.
Source
https://t.me/Bitcoin_Crypto_Signals
