Arbitrum

Synthetix

Optimism

Coin

<ul class="news-points"> 
 <li>OP, SNX and ARB were able to print 24-hour gains according to CoinMarketCap.</li> 
 <li>Technicals for SNX suggested that there may be a strong breakout towards the upside soon.</li> 
 <li>ARB may also experience a breakout in the coming week as a wedge pattern forms on its daily chart.</li> 
</ul> 
Layer-2 cryptocurrency projects may rally in the coming few weeks following <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum’s (ETH)</a> latest upgrade; EIP-4844. This upgrade is aimed at reducing gas fees for transactions by introducing a special transaction type. 
Due to its focus on reducing gas fees for Ethereum’s beacon chain, EIP-4844 is forecasted to amplify the advantages it brings to Layer-2 scaling solutions. Consequently, this enhancement will draw a significant number of investors seeking to engage with Layer-2 chains such as Optimism, Arbitrum, Synthetix, and others. 
The past 24 hours saw almost all Layer-2 cryptocurrencies achieve a fair gain. In particular, Synthetix (SNX), Optimism (OP) and Arbitrum (ARB) have seen their prices spike during the past day of trading, according to CoinMarketCap. 
<h2 class="wp-block-heading" id="h-synthetix-snx">Synthetix (SNX)</h2> 
SNX had reached a high of $2.82 over the past 24 hours as the cryptocurrency soared approximately 3.91% yeste… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/op-snx-and-arb-surge-24h-as-layer-2-projects-gain-traction/">OP, SNX and ARB Surge 24H as Layer-2 Projects Gain Traction</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

OP, SNX and ARB Surge 24H as Layer-2 Projects Gain Traction

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