Ethereum L2s Arbitrum, Optimism and Polygon See Gains Ahead of Dencun Upgrade

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Posted  391 Views updated 1 year ago

Just hours to go until the Dencun upgrade goes live on Ethereum mainnet, the tokens of layer-2 scaling solutions like Arbitrum, Optimism, and Polygon have all seen hefty gains.

Arbitrum is the only one to have seen double-digital gains as the Ethereum community counts down the minutes to Dencun. Its ARB token has risen 11% in the past day and 7.5% compared to this time last week. ARB rose as high as $2.25 early Wednesday morning, but has since settled to $2.20 at the time of writing.

Arbitrum is one of the largest layer-2 Ethereum scaling solutions, with a total of $16 billion worth of assets on its platform, according to L2 Beat. That gives it roughly 41% of the the L2 scaling solution marketshare.


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