Polygon

SKALE

Immutable

Optimism

Arbitrum

Mantle

<ul><li>ETH ETF optimism sparks bullish Ethereum trend, boosting L2 tokens like ARB, OP, and MATIC.</li><li>Arbitrum leads L2 market share at 49.88%, symbolizing Ethereum&#39;s growing ecosystem.</li><li>Ethereum&#39;s progress hints at a diversified crypto industry beyond a temporary surge.</li></ul>The cryptocurrency market is witnessing a notable shift, particularly in the Ethereum (ETH) ecosystem. This change is mainly due to the growing optimism surrounding the potential launch of an Ethereum exchange-traded fund (ETF).Recently, the US Securities and Exchange Commission (SEC) officially <a href="https://www.ft.com/content/443b2589-0a4a-48ef-872e-3cd52b1b297d" rel="noopener noreferrer nofollow">declared</a> the approval of the Spot Bitcoin (BTC) ETFs. Consequently, this development has triggered a significant bullish trend in Ethereum&#39;s price, trading at <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">$2,610.40</a>.Moreover, this enthusiasm isn&#39;t limited to Ethereum alone. Layer 2 (L2) tokens associated with the Ethereum blockchain are also experiencing a surge. Impressively, a range of Ethereum Layer 2 tokens are registering significant double-digit gains in the market.Among these, Arbitrum (ARB) is currently trading at<a href="https://www.coingecko.com/en/coins/arbitrum" rel="noopener noreferrer nofollow"> $2.28</a>, while Optimism (OP) boasts a price of<a href="https://www.coingecko.com/en/coins/optimism" rel="noopener noreferrer nofollow"> $3.84</a>. Polygon (MATIC) is also performing well, priced at<a href="https://www.coingecko.com/en/coins/polygon" rel="noopener noreferrer nofollow"> $0.9046</a>. Immutable X (IMX) is just a little behind, priced at<a href="https://www.coingecko.com/en/coins/immutable-x" rel="noopener noreferrer nofollow"> $2.24</a>.Additionally, Mantle (MNT) and SKALE (SKL) are trading at<a href="https://www.coingecko.com/en/coins/mantle" rel="noopener noreferrer nofollow"> $0.8081</a> and <a href="https://www.coingecko.com/en/coins/skale" rel="noopener noreferrer nofollow">$0.1028</a>, respectively, further highlighting the upward trend in this sector. This phenomenon hints at the onset of an &#39;Ethereum season,&#39; spurred by the anticipation of an ETH ETF and the robust performance of L2s.Read full article at <a href="https://cryptotale.org/layer-2-tokens-surge-as-ethereum-etf-approval-gains-momentum/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Layer 2 Tokens Surge as Ethereum ETF Approval Gains Momentum

CryptoTale

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