Gitcoin

Arbitrum

Mantle

Polygon

zkSync

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 <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, Polygon 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 <a rel="noopener noreferrer nofollow" title="largest" href="https://thebittimes.com/tag/largest.html">largest</a> layer 2 <a rel="noopener noreferrer nofollow" title="solution" href="https://thebittimes.com/tag/solution.html">solution</a>s?<br><br>Our study shows that @arbitrum is the <a rel="noopener noreferrer nofollow" title="largest" href="https://thebittimes.com/tag/largest.html">largest</a> L2 <a rel="noopener noreferrer nofollow" title="solution" href="https://thebittimes.com/tag/solution.html">solution</a>, 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: https://t.co/ASZ3PaNg9I pic.twitter.com/JVzJE5ybfm</p>— CoinGecko (@coingecko) November 9, 2023
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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>
 <div class="cn-block-related-link">
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 <p>As per the <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>, 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 <a rel="noopener noreferrer nofollow" title="solution" href="https://thebittimes.com/tag/solution.html">solution</a>s.</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;market dominance news, an earlier <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> 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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   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/rHQXJMaBNqM" data-id="rHQXJMaBNqM" data-query="feature=oembed" data-alt="Polygon VS Arbitrum: Which Is The BEST Ethereum Scaling Solution?"></div>
   <noscript><iframe title="Polygon VS Arbitrum: Which Is The BEST Ethereum Scaling Solution?" width="1020" height="574" src="https://www.youtube.com/embed/rHQXJMaBNqM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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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>
 <div class="cn-block-related-link">
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> CoinGecko reports top CEXs, Kucoin falls out of top 10
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coingecko-reports-arbitrum-is-largest-l2-solution-tbt69709.html">https://thebittimes.com/coingecko-reports-arbitrum-is-largest-l2-solution-tbt69709.html</a></p>

CoinGecko reports Arbitrum is largest L2 solution

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