$ARB and $OP grew after Vitalik Buterin's post about L2 networks 💥👀
Thanks to the latest post by Ethereum co-founder Vitalik Buterin about L2 networks, we see a significant increase in prices for #Arbitrum and #Optimism Buterin highlighted the transition of the Arbitrum network to the "first stage" of roll-up development, which is considered "undoubted" progress.
The main points of the post:
1 - Rollups and their status:
- According to Buterin, rollups are divided into three stages (from 0 to 2).
- The first stage implies the existence of a functional consensus system and requires the security of the council from five independent participants.
- At the time of the post, Arbitrum One is the largest roll-up with $9.6 billion in blocked assets.
2 - Statistics on rollups:
- The total value of blocked assets in second-tier networks reached $20.15 billion.
- Ahead of the others, Arbitrum One has the highest asset value ($9.6 billion), followed by OP Mainnet ($6.28 billion) and Metis Andromeda ($739 million).
Other market movements:
- The quotations of the #Solana token rose to $118 for the first time since April 2022.
- PancakeSwap also showed a 25% increase after burning 10 million $CAKE