Jan 3rd 2022
Rollup action on Ethereum
Ethereum Layer-2 (L2) scaling solution Arbitrum has been climbing through the roof since its public launch on Aug 31st, with a current total value locked (TVL) of $2.69B—45.7% of the ETH L2 market share.
Source: l2beat
Layer-2s, a collective term for solutions designed to scale Ethereum by handling transactions off-chain while relying on Ethereum’s security, is a growing trend that took off in the second half of 2021.
Rollups are a Layer-2 solution designed to decongest the Ethereum network by “rolling-up” transactions together, processing them off-chain before sending the results back to Ethereum, thus making them faster and cheaper.