Weekly Layers 1 & 2 Update (Week 9, 01/03/2022 – 07/03/2022)
ETH mining revenues reach USD 1.19B in February. Layer 2 solution Immutable raises $200M. CRO TVL grows 22.01% week-on-week to $2.38B.
Key Takeaways
- Ethereum (ETH) miners generated USD 1.19B in revenues in February. Roughly 87% of the revenues came from block subsidies, while around 13% came from transaction fees.
- Layer 2 solution Immutable X (IMX) was the key target for a $200M raise in a Series C round for developer Immutable. The solution uses technology from Starkware to achieve scalability and remove gas fees.
- Cronos (CRO) saw a +7.96% increase in total transactions to 19.94M, while its TVL grew to $2.38B (+22.01% week-on-week). The total number of wallet addresses now stands at 515,586, up +27.76% from last week.
Highlights
- Terra’s LUNA passes ether to become second-largest staked asset
- Cardano’s Peer-to-Peer (P2P) lending in Africa gains traction with first set of loans disbursed
- Polygon announces groundbreaking milestone as Swiss city of Lugano adopts crypto
- Layer 2 address activity slows, but Arbitrum bucks the trend
- What is the Algorand blockchain, and how does it work?
- Algorand upgrade set to allow for easy creation of complex Dapps
- Multichain partnering with NEAR Protocol to enable communication with other networks
- Ethereum layer 2 service StarkNet goes live on Alchemy, promises 100x lower gas fees
- Evmos chain paused after going live with highly anticipated ‘RektDrop’
- Immutable raises $200M to invest in blockchain gaming, bringing valuation to $2.5B
- BOBA Network launches hybrid compute on mainnet to enable smarter dApps
Layer 1 Project Metrics
| Ethereum | Terra | Avalanche | Solana | Fantom | Binance Smart Chain | Cronos | |
|---|---|---|---|---|---|---|---|
| Market Cap of Native Coin | $304.01B | $29.33B | $19.39B | $26.56B | $3.38B | $64.42B | $9.70B |
| 7-Day Change | -12.14% | -15.09% | -6.67% | -15.73% | -20.37% | -5.04% | -10.41% |
| Total Value Locked (TVL) | $106.90B | $22.13B | $10.63B | $6.72B | $7.10B | $11.95B | $2.38B |
| 7-Day Change | -5.85% | -3.57% | -3.48% | -9.96% | -39.49% | -7.53% | +22.01% |
| Cap / TVL | 2.84x | 1.33x | 1.82x | 3.95x | 0.48x | 5.39x | 4.07x |
| 7-Day Avg. Daily Volume (Native Coin) | $14.75B | $2.93B | $1.23B | $2.03B | $1.17B | $1.46B | $0.10B |
| 7-Day Change | -19.24% | +13.92% | -10.54% | -4.85% | +31.99% | -1.39% | -27.36% |
| Price of Native Coin | $2,537.37 | $79.94 | $72.85 | $82.65 | $1.33 | $382.93 | $0.38 |
| 7-Day Change | -13.08% | -12.41% | -13.63% | -17.00% | -25.31% | -3.26% | -12.63% |
| Total # of Transactions since Launch | 1.50B | – | 115.82M† | 61.80B | 215.10M | 2.60B | 19.94M |
| # of Nodes/Validators | 6,388 | 130 | 1,236 | 1,581 | 59 | 21 | 26 |
† X-Chain total transactions plus C-Chain total transactions
‘–’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan,Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan,CronoScan, Cronos Explorer, DeFi Llama
Layer 2 Project Metrics
| Polygon | Lightning Network | Ronin Sidechain† | Optimistic Ethereum | Arbitrum | Boba | Metis Andromeda | |
|---|---|---|---|---|---|---|---|
| TVL/ Capacity on Network | $3.65B | $133.7M | $620.11M | $307.24M | $2.01B | $55.8M | $300.5M |
| Total Transactions | 1.46B | – | 323.35M | – | 8.32M | 386,581 | 1.19M |
| Nodes/ Unique Addresses | 68 | 35,286 | 10.15M | – | 434,772 | 17,620 | 52,470 |
† Ronin is the sidechain developed by Sky Mavis for Axie Infinity
‘-’ denotes missing, unavailable, or incomplete data
Sources: DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer
Condividi con gli amici
Articoli correlati
DeFi - 5HR AGO
DeFi & L1L2 Weekly — 📈 LetsBONK.fun dominated meme coin trading on Solana; Pump.fun raised $500 million during its PUMP token sale
DeFi - 5HR AGO
DeFi & L1L2 Weekly — 📈 LetsBONK.fun dominated meme coin trading on Solana; Pump.fun raised $500 million during its PUMP token sale
DeFi - 5HR AGO
DeFi & L1L2 Weekly — 📈 LetsBONK.fun dominated meme coin trading on Solana; Pump.fun raised $500 million during its PUMP token sale
Market Pulse - 2D AGO
📈US spot BTC ETFs drive over 30% of spot BTC volume; Crypto.com and Emirates explore integrating Crypto.com Pay in Emirates’ payment systems
Market Pulse - 2D AGO
📈US spot BTC ETFs drive over 30% of spot BTC volume; Crypto.com and Emirates explore integrating Crypto.com Pay in Emirates’ payment systems
Market Pulse - 2D AGO
📈US spot BTC ETFs drive over 30% of spot BTC volume; Crypto.com and Emirates explore integrating Crypto.com Pay in Emirates’ payment systems
DeFi - 9 Jul 2025
DeFi & L1L2 Weekly — 📈 Tokenised stocks trading volume on xStocks averaged $3.6 million; Hyperliquid’s latest mainnet upgrade introduced the CoreWriter contract
DeFi - 9 Jul 2025
DeFi & L1L2 Weekly — 📈 Tokenised stocks trading volume on xStocks averaged $3.6 million; Hyperliquid’s latest mainnet upgrade introduced the CoreWriter contract
DeFi - 9 Jul 2025
DeFi & L1L2 Weekly — 📈 Tokenised stocks trading volume on xStocks averaged $3.6 million; Hyperliquid’s latest mainnet upgrade introduced the CoreWriter contract
Sei pronto per avventurarti nel mondo delle criptovalute?
Ottieni subito la guida per configurare il tuo account Crypto.com
Cliccando sul pulsante Invia, riconosci di aver letto l' Informativa sulla privacy di Crypto.com dove illustriamo come usiamo e proteggiamo i tuoi dati personali.
