To be honest, I am not optimistic about the future of #LINEA.
The Layer2 hype has long faded, making it difficult to assign a high valuation.
Even a strong player like @arbitrum has a TVL of $19 billion, accounting for nearly 40% of the entire Layer2 market, with a market cap of only $2.8 billion.
In contrast, #linea has a TVL of only $1 billion, just one-twentieth of Arbitrum's. Even with the support of the MetaMask wallet, its own wallet business is continuously being eroded, making it hard for the market to buy in.
It's a bit lamentable; I originally thought 2023 would be the beginning of Layer2 prosperity, but it turned out to be the peak.
Currently, #ARB continues to lead in the stablecoin sector, performing steadily.
➤ Last month, PayPal deployed its stablecoin $PYUSD on Arbitrum, supporting micropayments and enterprise use cases.
➤ @Paxos directly integrated stablecoins with Arbitrum.
➤ Wyoming issued the first state-level stablecoin $FRNT, choosing Arbitrum as one of its initial blockchains.
➤ After the Atlas upgrade, transaction fees dropped to below $0.05, a 90% reduction, with further upgrades expected to enhance performance.
Data source:
#Arbitrum #linea #arb #layer2 #kaito
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