L2 monthly update: a rapid recap covering all the highlights you need to know from the major stories in the L2 space past month ⏬
🚀 L2 TVB Growth
Blast_L2 , a pioneering L2 platform known for its successful yield farming model, has made a surprising surge in the TVB rankings, climbing to #3 position with $1.22B bridged in. This places it just behind L2 giants #Arbitrum and #Optimism, showcasing its potential and growth trajectory.
MantaNetwork is rapidly climbing the TVB ladder. Its innovative New Paradigm model (similar Blast), designed to optimize user yields more effectively, has fueled its growth and propelled it to a #4 position in the rankings.
MetisDAO: Following the launch of the #MetisEDF grant program in January, Metis TVB witnessed a significant 288% surge. This program distributes 4.6m $METIS as grants for rollup-based DApps. The TVB currently stands at $679M.
🌟 zkFair I New L2 with Unique Approach
ZKFCommunity is a fresh face in the ZK-L2 space, and its token distribution strategy is catching attention.
They airdrop 75% of $ZKF tokens to early gas contributors and 25% to L2 users. zkFair distributed several thousand to a few hundred thousand ZKF tokens to each wallet.
Perhaps this led to TVB reaching $129m despite its recent launch.
🪂 Starknet Airdrop: $STRK
The Starknet airdrop has been officially confirmed.
The snapshot was completed earlier in December, and Starknet recently retweeted that the airdrop might occur in the next few weeks.
⚡️ L2 Market Momentum
The continued ATHs of $OP , $ARB , and $METIS in the past month is a clear sign that the L2 market is still very active and has the potential to continue growing in the coming time.
Especially with the upcoming DenCun update, which is expected to reduce Ethereum fees, the L2 market is likely to explode even more. #BTC #cpi #etf #ENS #ETH
$ARB Arbitrum is the brainchild of Offchain Labs, a company founded by Ed Felten, Steven Goldfeder, and Harry Kalodner. It offers a Layer-2 (L2) scaling solution for Ethereum, designed to enhance the network's capabilities by increasing transaction speed, helping to improve scalability, and adding privacy features.