The total locked position of Ethereum Layer 2 rose to 5.98 billion US dollars

[Ethereum Layer 2 total lock-up volume rose to US$5.98 billion] Golden Finance News, according to L2BEAT data, the current Ethereum Layer 2 total lock-up volume rose to US$5.98 billion, an increase of 9.73% on the 7th. Among them, the top five locked positions are Arbitrum ($2.61 billion, up 1.66% on the 7th), Optimism ($2.17 billion, up 28.91% on the 7th), dYdX ($524 million, down 7.25% on the 7th), Loopring ( 204 million US dollars, an increase of 1.85% on the 7th), Metis Andromeda (176 million US dollars, an increase of 25.26% on the 7th).

Other news:

Data: Ethereum whales recently increased their holdings by as much as 3.5 million ETH: Jinse Finance reported that according to data from Santiment, since September 11, the number of Ethereum whale addresses holding more than 1 million ETH has increased by a total of 3.5 million coin. The increase marks a 14% increase in the billionaire whale’s ETH holdings since the merger. In contrast, according to previous data from Santiment, ETH sharks and whales (groups of investors holding 1-1 million ETH) have been dumping their ETH holdings. (u.today) [2022/10/20 16:31:12]

Bloomberg strategist: The market value of Ethereum may surpass Bitcoin: Jinse Finance reported that Bloomberg senior commodity strategist Mike McGlone predicted that Ethereum may surpass Bitcoin at some point and become the number one digital currency by market value. [2021/6/12 23:32:06]

After Ethereum switches to the PoS mechanism, miners may switch their mining machines to other networks: With the upgrade of the Ethereum network to version 2.0 this year, the consensus mechanism will switch to PoS, which will have a huge impact on miners.

There are two options for miners, one is to sell mining equipment to buy ETH to adapt to the PoS staking mechanism; the other is to switch the mining machines to other networks that support GPU mining machines.

Nick Foster, a representative of U.S. mining equipment distributor Kaboomracks, said that most ETH miners will choose the latter. (Cointelegraph)[2020/6/14]