Arbitrum

Base

Mantle

Polygon

zkSync

<p class="is-style-lead">In a Nov. 9 post on X, CoinGecko reports Arbitrum as being the largest Layer 2 solution, with a total of $1.79 billion in total value locked (TVL) in October, or 41.2% of the top 10 L2 solutions market share.</p>
<p>Although this is still down from its yearly peak of $2.6 billion in May 2023.&nbsp;</p>
<h2 class="wp-block-heading" id="polygon-takes-second">Polygon takes second&nbsp;</h2>
<p>After Arbitrum, <a href="https://www.coingecko.com/research/publications/largest-layer-2-solutions?utm_campaign=Data%2BVisualization&amp;utm_medium=social" data-type="link" data-id="https://www.coingecko.com/research/publications/largest-layer-2-solutions?utm_campaign=Data%2BVisualization&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">Polygon</a> takes the second spot, with a total of $0.78 billion in TVL over the course of October, with its yearly peak of $1.18 billion being reached in February 2023. At this time, eight months earlier, Polygon had just undergone its V0.3.1 Hardfork upgrade in January 2023, reducing gas spikes and addressing reorganizations for the chain.&nbsp;</p>
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   <p lang="en" dir="ltr">What are the largest layer 2 solutions?<br><br>Our study shows that <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@arbitrum</a> is the largest L2 solution, with $1.79B in total value locked in October 2023.<br><br>Let's dive into the numbers and look at the top L2s by TVL 🧵<br><br>Read the full study: <a href="https://t.co/ASZ3PaNg9I" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ASZ3PaNg9I</a> <a href="https://t.co/JVzJE5ybfm" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/JVzJE5ybfm</a></p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1722555989042618649?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 9, 2023</a>
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<p>After Arbitrum and Polygon, the following L2 solutions in order were Optimism, dYdX, Base, Gnosis, zkSync Era, Loopring, Ronin and Mantle.</p>
<p>You might also like: <a href="https://crypto.news/coingecko-finds-october-consistently-positive-for-crypto/" rel="noopener noreferrer nofollow"> CoinGecko finds October consistently positive for crypto </a></p>
<p>As per the report, Base, zkSync and Mantle collectively hold an 11.0% market share among the top 10. Launched in March 2023, zkSync Era, and the more recent introductions of Base and Mantle in July of the same year, contribute to the growing prominence of these Layer-2 solutions.</p>
<h2 class="wp-block-heading" id="taking-on-a-role-of-active-involvement">Taking on a role of active involvement&nbsp;</h2>
<p>In addition to the&nbsp;<a target="_blank" href="https://crypto.news/arbitrum-to-launch-500k-arb-donation-programs-this-winter/" rel="noopener noreferrer nofollow">market dominance news</a>, an earlier report dated Nov. 7 highlighted the launch of three donation programs by the Arbitrum blockchain project in collaboration with Gitcoin Winter.&nbsp;</p>
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<p>The community’s active involvement in The Arbitrum Citizens Retrofunding Round 1 aims to distribute 100,000 ARB to Arbinauts, who have played a proactive role in influencing the governance and processes of the Arbitrum DAO, as stated by the project team.</p>
<p>Read more: <a href="https://crypto.news/coingecko-reports-top-cexs-kucoin-falls-out-of-top-10/" rel="noopener noreferrer nofollow"> CoinGecko reports top CEXs, Kucoin falls out of top 10 </a></p>

CoinGecko reports Arbitrum is largest L2 solution

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