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ROLLUP: Bitcoin ATH's In Sight | Coinbase Crashes | Blast Mainnet Live
Bankless
Embracing Layer 2 Scaling and High Yields in Crypto
The total value locked in layer twos is exceeding $30 billion due to the increase in Ethereum price, with scaling factors and transaction volumes hitting all-time highs. Various layer twos are showing significant activity with ZK rollups witnessing high transaction volume, Arb from Nova offering cheap transactions, and Mantle providing some of the highest yields in crypto due to subsidies from its large ETH treasury. Mantle, which was chosen as a layer two by its DAO despite dissent from Bybit exchange founders, is offering yields of 30% on DeFi apps, with the mantle native stake ETH yielding 7%. This demonstrates the diverse activities and high returns available in the layer two ecosystem of crypto.
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