Arbitrum One Becomes First TVL Over $20 billion Ethereum L2 Network
远山洞见2024/12/06 07:19
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
On December 3rd, Arbitrum One, an Ethereum Layer 2 solution developed based on Optimistic Rollup technology, announced that its total locked amount (TVL) has exceeded $20 billion, becoming the first L2 network to reach this milestone. The official stated that with the continuous growth of the ecosystem in vertical fields such as decentralized finance (DeFi) and non-fungible tokens (NFT), the second phase upgrade is coming, and Arbitrum's scalability will be further improved. On the same day, Uniswap Labs shared Dune data on X, stating that Arbitrum became the first L2 on the Uniswap protocol with a monthly trading volume exceeding $20 billion.
The core feature of Arbitrum is to use Optimistic Rollup technology to achieve efficient communication between the Ethereum mainnet (L1) and Arbitrum (L2), submit transaction data to Ethereum, and execute and store it off-chain. This model significantly reduces gas fees while maintaining full compatibility with Ethereum, and even achieves the feature of contract deployment without gas restrictions.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Dark Defender Here’s Why Ripple CEO Can’t Say a Price for XRP
TimesTabloid•2026/09/06 18:03
Defence Therapeutics completes $9.6 million private placement at $0.55 per unit
Reuters•2026/09/06 17:14
Cyclezyme to buy Ragn-Sells melanin patent, pays via shares for 7.9% stake
Reuters•2026/09/06 16:45
8 in a Row: Ripple (XRP) ETFs Record Another Green Week but Warning Signs Return
Cryptopotato•2026/09/06 16:21

Crypto prices
MoreBitcoin
BTC
$79,826.36
-0.20%
Ethereum
ETH
$2,494.12
+0.62%
Tether USDt
USDT
$0.9999
-0.01%
BNB
BNB
$748.1
-3.57%
XRP
XRP
$1.41
-0.80%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$106.38
+2.32%
TRON
TRX
$0.3352
+0.31%
Hyperliquid
HYPE
$87.94
+2.63%
Zcash
ZEC
$1,215.66
+17.98%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now