According to data analyzed by CryptoSlate, Ethereum (ETH) price performance has outperformed other major Layer 1 networks over the past seven days, registering a return of over 10% against Bitcoin (BTC). increase.
Only Ethereum and Polygon’s MATIC recorded positive returns against Bitcoin that week, according to Glassnode data. On the other hand, Solana (SOL) posted a brief positive gain in the week before the drop, while other Layer 1s such as Binance (BNB), Polkadot (DOT) and Cosmos (ATOM) all posted weekly gains. showed a negative return through
Over the past 7 days, ETH has registered a staggering 18.73% gain, according to CryptoSlate data, and on October 25, its value exceeded $1,500 for the first time in 30 days. world assets.
When compared to ETH’s performance over the last 7 days, other layer 1 networks such as SOL, ATOM and MATIC recorded positive returns of 12.49%, 17.86% and 15.35% respectively. At the same time, BNB and DOT rose less than 10%.
BTC, on the other hand, has only recorded a 7.53% gain over the past seven days.
Ethereum Layer 2 TVL Exceeds $5 Billion
According to L2Beat, the Layer 2 network on Ethereum has over $5 billion in total assets locked into the ecosystem due to the recent market upsurge. data.
TVL is up 9.34% to $5.03 billion over the last 7 days. The ecosystem said the value of ETH was trading above $1,500 and he crossed $5 billion on October 26th.
This means that assets locked in the Ethereum Layer 2 network are equivalent to assets locked in other blockchain networks such as Binance Smart Chain and Tron (around $5 billion).
Arbitrum One and Optimism account for over 80% of TVL. Data shows Arbitrum owns more than 50% of TVL, with $2.54 billion worth of assets locked up, while Optimism is worth his $1.59 billion. increase.
Meanwhile, according to DeFillama, layer-1 blockchain networks such as Solana, Cardano, and Algorand each have a TVL of less than $1 billion. data.
