#l22 articles

2 articles

CryptoBearishBankless · Feb 247/106

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The Ethereum L2 Squeeze

Ethereum Layer 2 solutions and alternative EVM Layer 1 blockchains are facing pressure due to declining performance metrics and shifting sentiment from Ethereum's leadership. The ecosystem is experiencing a consolidation phase where underperforming networks may be forced to exit the market.

$ETH

DeFiNeutralThe Defiant · Feb 165/105

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MegaETH TVL Rises 65% in a Week, but TGE Conditions Remain Unmet

MegaETH's L2 mainnet has seen a 65% TVL increase one week after launch, indicating early liquidity growth. However, the network has not yet met the required KPIs necessary for launching its MEGA token (TGE), suggesting adoption remains below expectations.