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Buterin lauds struggling yet biggest ETH L2 solution, Arbitrum’s efforts in the space
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Arbitrum, the Ethereum L2 rollup is one of the first optimistic commercial solutions. It lowers costs and speeds up transactions on the Ethereum mainnet. Over the years, Arbitrum has done an excellent job in scaling Ethereum. At press time, it is the biggest Layer 2 solution on the Ethereum network and its growth in just four months has been exceptional. The value locked (TVL) stands at $2.67B and accounts for 47% of the overall market share. However, it seems to be losing heat.
Arbitrum and its community have covered a significant distance since its inception. Even Ethereum’s chief executive, Vitalik Buterin acknowledged the same in a discussion. A.J Warner, one of Arbitrum’s key members shared a screenshot of the same here.
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