Layers 1 & 2 (Week 28, 12/07/2022 – 18/07/2022)

Ether’s price rises 12% ahead of the Merge, and Vitalik Buterin responds to PoS critics. Heat wave halts Bitcoin mining in Texas Lido plans to bring stETH to layer-2 networks.

Jul 19, 2022
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Key Takeaways

Highlights

Layer 1 Project Metrics

Image 44

* % change is based on the difference between two subsequent bi-weekly periods
† Sum of P, X and C-chain total transactions
 ‘–’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan, Ethernodes, Cardanoscan, Avascan, Solana Beach, FTMscan, BSCscan, CronoScan, Cronos Explorer, DeFi Llama

Layer 2 Project Metrics

Image 45

* Figure refers to Lightning nodes with active channels
† 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

Author

Research and Insights Team

Tags

crypto research

cryptocurrencies

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