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ICYMI: TVL (liquidity) on @orca_so is up by ~40% since the start of April.
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SOL
148.07
-2.33%
13
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less is more JPM manages thousands of assets across thousands of opaque ledgers BTC manages one asset on an open-source & global ledger
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cbBTC supply on @base is up +253.68% since the start of the year cbBTC supply on @ethereum is up +166.65% within the same time period
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Ethereum builds infra for L2s like @base. Morpho builds infra for vault curators like @gauntlet_xyz. Common criticism of the modular approach: L2s eat into the L1's economics. This occurs if both layers try to serve the exact same customers, with the exact same product. If not, the layers are likely differentiated enough for the modular approach to makes sense.
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L2s by 30d fees: The @Polkadot-secured @EnterTheMythos ranks #3, following the @ethereum-secured @base & @arbitrum.
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ICYMI: @circle is the biggest stablecoin issuer on @solana, followed by @Tether_to, @PayPal, and @global_dollar.
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