While Ethereum’s blocks have been nearly full for over a year, we’ve seen multiple L1 & L2 networks...validate all transactions while light nodes — who don’t have the necessary resources for intensive audits (99%...What makes rollups special amongst L2s is that they don’t try to get around this problem.

ETH Lags Other L1s Over the past 30 days, ETH has struggled to keep up with other L1 tokens....likely cause for this has been the flurry of announcements regarding new incentive programs on these L1s...You can read about these recent Avalanche developments and more in our post from September 9th.

🔍 The L2 Wars The adoption of layer-2 networks built on Ethereum has been impressive over the past...Additionally, L2s have flipped the Ethereum base layer in terms of transactions per second....Combined, they account for over 80% of the total value locked across all L2s.

Since the launch of the AMM, it’s been responsible for 60-90% of Loopring’s total volume, as seen below...data supports the thesis that a fair number of Ethereum users have actually migrated to Loopring’s L2...The perfect storm (for Loopring) would see liquidity migrate from L1 Ethereum DEXs over to their solution...

In this report, we dig into Bitcoin’s outlook amidst an uncertain macro backdrop. We unpack notable long-term miner, exchange, and holder base metrics, as well as touch on where Bitcoin could move in...

Examples like Uniswap (Unichain L2) and dYdX (dYdX L1) come to mind....the L1’s performance. ...an immutable, searchable chain of titles across 70 towns and aims to reduce processing times by over 90%...The upgrade reduced the base fee on the C-Chain from 25 nAVAX to 1 nAVAX (a 96% reduction).

Morgan and FIFA are opting for tailored Avalanche L1s....Avalanche now supports 75 active L1s and over 845 total validators....of L1s live on Avalanche reflects how flexible the architecture is....This mainnet rollout is in early stages with ~90% of players still on testnet, but activity continues...

L2s offer a solution to this, but they’re just starting to get off the ground....L2s Need a Jolt Optimism enjoyed a month-long head start over Arbitrum and has consequently seen more...pic.twitter.com/e7UghlgtKy — Sotheby’s (@Sothebys) September 9, 2021 Delphi’s Kevin Kelly speaks to...(@stablekwon) September 9, 2021...

Chart of The Day: Near Leads L1 Recovery NEAR led the L1 recovery by growing by ~50% over the past...LUNA had an overall great month as it hit a new ATH of $103.88 on March 9th....With LFG putting buy pressure on BTC, it has outperformed multiple other L1s like CRO, AVAX, BNB, and...

...data to L1s....This allows L2s to inherit the security of the L1 it settles on....by L2s to utilize its security....For more detail, read our Delphi Pro report about L1s vs L2s....Maple’s loans outstanding have grown over 70% in 2022 with its utilization hovering above 90%.

RGP-9: This proposal launches Ribbons Ribbonomics....Terms on the loan are as follows: 6-month loan for up to $5M in FRAX. 9% APR on drawn balance; 2% on...Debt DAO’s product allows the protocol to draw an unsecured loan for a reasonable 9%, bypassing all the...Con Arguments: Some participants in the forum have expressed concern that the 2/9 terms are high for...

ORCA) will be unlocked over a three-year vesting period and a one-year cliff for Fundraising. 0.9% (900k...Most L1s already have the significant majority of their supply staked (ETH is currently the outlier for...

Discord News Alchemix hints at veALCX. FujiDAO teases a new concept in their discord. GnosisDAO discloses SAFE token allocations. JonesDAO […]...

AVAX has recently caught up on the back of it’s 9 figure liquidity mining program....Each outperforming L1 has its own narrative driving price....What stands out, however, is ETH’s underperformance relative to other L1 assets....The recent L1 surge, ETH heats up, and BTC liquidity improves.

Chart of The Day: Avalanche and Cosmos Lead L1 Recovery The crypto markets experienced a tumultuous...This, of course, had a knock-on effect on the rest of the market, including other L1s....For more on L1s, you can read more on our Delphi Pro report on L1s vs L2s here. Paywall removed!

L1s Can’t Stop, Won’t Stop BTC is and has been leading the market for a few weeks now....When BTC momentum slows down, L1 tokens often perform better than any category....L1s have been the best performing tokens since the June bottom — and quite frankly, they boast the highest...Most L1 tokens (especially SOL) experienced a strong catch-up move today.

Arbitrum and Metis Lead L2 TVL Growth Total Value Locked on L2s has risen back to levels seen at the...Among the seven largest L2s by TVL, only Arbitrum (+19% YTD) and Metis (+94% YTD) have seen positive...

CVP Previous: There are currently multiple pools, ranging from a 50-50 ETH/CVP pool on Uniswap to 95...Specifically, this pool would receive 91,000 CVP on a weekly basis, and those rewards would come with...There are currently multiple pools, ranging from a 50-50 ETH/CVP pool on Uniswap to 95-5 CVP/ETH Balancer...

However, the increase in userbase isn’t reflected in its volume as swaps continue to hold 3-9% of daily...DXY was 95 when the 2022 calendar year began....moving the execution of transactions to a separate chain and then batching them together to post to the L1...Usage did not start to spike until the L2’s became more used.

CVP Previous: There are currently multiple pools, ranging from a 50-50 ETH/CVP pool on Uniswap to 95...Specifically, this pool would receive 91,000 CVP on a weekly basis, and those rewards would come with...There are currently multiple pools, ranging from a 50-50 ETH/CVP pool on Uniswap to 95-5 CVP/ETH Balancer...