A preferred crypto analyst thinks one layer-2 mission may take out Polygon (MATIC) and change into the dominant Ethereum (ETH) scaling resolution.
The semi-anonymous host of InvestAnswers referred to as “James” says Arbitrum will dominate the scaling market in a brand new video look on Crypto Banter, a YouTube channel with 599,000 subscribers.
“I all the time thought quantity 4 finest platform, which is layer-1-related, was MATIC, however now with issues like Arbitrum and Optimism coming, it has modified the entire sport. So I feel there’s a MATIC-killer, and it goes by the identify of Arbitrum particularly whenever you have a look at metrics like TVL and adoption, it’s going bombastic and so they don’t also have a token but…
Arbitrum is digital machine structure… it’s like Polygon, in order that’s why I feel Arbitrum has legs to be a Polygon killer.”
TVL stands for whole worth locked. The TVL of a blockchain represents the whole capital held inside its good contracts, and it’s calculated by multiplying the quantity of collateral locked into the community by the present worth of the property.
Arbitrum went from zero TVL in August 2021 to roughly $1.22 billion at time of writing, in keeping with the decentralized finance knowledge tracker DeFi Llama.
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