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Data shows parabolic-style growth in layer-two-based DeFi and DEX platforms By Cointelegraph

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Data shows parabolic-style growth in layer-two-based DeFi and DEX platforms

In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the crypto community are necessary for any project that looks to have long-term success in the ecosystem.

The emergence layer-two technology like Arbitrum, Optimism, and a bridge into the Avalanche eco-system has revolutionized the way developers, investors, and builders interact with different protocols. Each facilitates quick, low-cost transactions which improves the foundations of decentralized finance (DeFi). It also makes it simpler for small-sized investors to take advantage of opportunities.

In total value locked, top 6 weekly gainers. Source: Token Terminal
Total value locked on Avalanche. Source: Defi Llama
Top-6 weekly gainers in protocol revenue. Source: Token Terminal