“Recent extreme market volatility showed Arbitrum is still the lead performer in the L2 race, capturing six times the 24-hour trading volume of Optimism, and 25 times that of Base,” Ben Yorke, WOO Ecosystem VP said in a note shared with CoinDesk, referring to layer-2 blockchains. “That said, what’s clear is that Ethereum is still ultimately the end boss, overseeing more than twice the volume of all Layer 2 scaling solutions combined – driven in part by the volatility surrounding Blackrock’s apparent filing for an ETH ETF.”
Source: https://www.coindesk.com/markets/2023/11/13/grayscale-discount-continues-to-narrow-as-spot-bitcoin-ether-etf-euphoria-works-through-markets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines