11 Tweets Dec 21, 2022
1/ The more we use #L222, the more it becomes a thing...
A round up of L2 developments so far in 2022 and the chat from CT.
Thread for those allergic to links ๐Ÿงต๐Ÿ‘‡
$ETH
alphapls.substack.com
2/ General thoughts:
If #L222 happens, then Ethereum probably goes nuts
The rotatooooors will never stop and they will rotate to L2s
3/ Arbitrum
- Binance enabled withdrawals, but withdrawers drained the wallet, so they closed it. Bullish sign.
- @arbitrum hit a new TVL ATH of $3.8B
- Once people deposit on Arbitrum they stay
- @GMX_IO, @Treasure_DAO & @dopex_io all killing it
- $ARBI token more likely
4/ Optimism
- Gas costs coming down by another 30%
- @AaveAave deploying to Optimism and Arbitrum
- Optimism dApps now live: @Uniswap, @synthetix_io, @CurveFinance, @SetProtocol, @quixotic_io, @Zip_swap, @HopProtocol
Optimism under hyped now?
5/ zkSync
- @argentHQ open to everyone. Just $1.52 to stake in $ETH in Lido
- AAVE also integrated into Argent, only costs $1-3 to start earning interest
- $402m traded on ZigZag
6/ Other L2 chat
- @Immutable has the best UX
- Immutable broke NFT records: 125k NFTs minted in seconds.
- @MetisDAO has grown to over $500M TVL in just 8 weeks
7/ Why should Devs deploy to L2s?
8/ Polygon talk about Plonky2...
9/ L2s still need tokens...
10/ General overview of L2 landscape from end of November:

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