Arbitrum and Optimism are leading the way as the first full-EVM rollups to achieve Stage 1, setting a high bar for other Layer 2 projects as highlighted by Ethereum Founder Vitalik Buterin. Their achievements highlight the progress and potential of Ethereum scaling solutions. As the Ethereum ecosystem evolves, the spotlight is now shifting to the anticipation of the first ZK-EVM rollup, expected to join the ranks of these innovative platforms soon.
Arbitrum One stands out in the Layer 2 landscape, dominating with a total value of $14.14 billion, which grants it a market share of 40.53%. This remarkable performance underscores Arbitrum One’s significant impact on Ethereum’s scaling strategy.
In comparison, Optimism’s OP Mainnet, another Optimistic Rollup, holds a total value of $5.30 billion and captures a 15.20% market share. Both platforms, being in Stage 1 of development, are pivotal in advancing the Ethereum ecosystem by enhancing transaction speeds and reducing costs.
In the ZK-EVM Rollup category, zkSync Era has established itself with a total value of $774.65 million, translating to a 2.22% market share. This emerging technology is notable for its potential to offer scalable and secure solutions.
Similarly, dYdX v3, also a ZK Rollup, holds a total value of $245.16 million with a market share of 0.70%. Both zkSync Era and dYdX v3, though still in Stage 1, are crucial in demonstrating the capabilities of ZK-EVM Rollups in the blockchain space.
Vitalik Buterin Criticizes Blockchain Investment Focus on SpeculationThe current market activity reflects the dynamic nature of these Layer 2 solutions. As of press time, Arbitrum’s price is $0.509932 with a 24-hour trading volume of $579,763,840, marking a 6.82% increase. Meanwhile, Optimism is priced at $1.30 with a 24-hour trading volume of $386,054,328, showing a significant rise of 12.10%. Additionally, dYdX (ethDYDX) is priced at $0.989159, with a 24-hour trading volume of $61,257,995, reflecting a 5.62% increase in the last 24 hours.
