Data: More than US $2 billion has flowed into Ethereum L2 stable currency in the past 7 days
It is reported that DeFillama data shows that the stable currency funds flowing into Ethereum L2 in the past 7 days exceeded US $2 billion, up more than 5%. In terms of Arbitrum, the total inflow of stable currency of the network in February was about US $300 million, with an average daily inflow of more than US $10 million. USDC accounted for 67% of the total value of all stable currencies on the Arbitrum chain with US $96863 million. The total value of Tether and DAI was about US $394.81 million. In addition, the transaction volume of Arbitrum network reached 690000 in February, a record high. In terms of Optimism, since the beginning of March, the inflow of network stable currency has reached US $669.1 million, an increase of 4.89%. USDC accounted for 67% of the total value of all stable currencies on the Optimism chain with US $364.56 million, and the total value of sUSD and USDT was about US $145.77 million.
Interpretation of this information:
The message reports on the significant increase in stable currency funds flowing into Ethereum’s layer-2 (L2) networks, specifically Arbitrum and Optimism. According to DeFillama data, in the past seven days, the stable currency funds flowing into Ethereum L2 exceeded $2 billion, which is a 5% increase.
In terms of Arbitrum, the network received about $300 million in stable currency inflows in February, with a daily average of more than $10 million. USDC dominated the total value of all stable currencies on the Arbitrum chain, accounting for 67% or $96.86 million, followed by Tether and DAI at around $394.81 million. Additionally, the transaction volume on the Arbitrum network reached 690,000 in February, setting a new record high.
On the other hand, since the beginning of March, Optimism has experienced a 4.89% increase in stable currency inflows, reaching $669.1 million. Similar to Arbitrum, USDC was also the dominant stable currency on the Optimism chain, accounting for 67% or $364.56 million, and sUSD and USDT had a combined total value of around $145.77 million.
These data suggest that there is a growing interest in Ethereum’s layer-2 networks, particularly among stable currency investors. With increased transaction volume and stablecoin inflows, the growth of the L2 ecosystem is also indicative of the scalability challenges that Ethereum faces in handling high network fees and congestion.
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