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Cryptocurrency News

Optimism TVL surges nearly 300% M/M ahead of The Merge upgrade

08/11/2022

Less than a minute

2022.08.11 07:53

According to data from DefiLlama, total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has surged 284% in the past month. The vast majority of TVL consists of users lending and borrowing assets on Aave through Optimism’s layer-2 chain.

Investors have been bidding up digital assets related to the Ethereum ecosystem in anticipation of The Merge upgrade, which will see the blockchain transition from a proof-of-work network to that based on proof-of-stake.

Source

08/11/2022

Less than a minute