[ad_1] <br><div id=""><div class="code-block code-block-2" style="margin: 8px 0; clear: both;"> <a target="_blank" rel="nofollow noopener" href="https://link.cryptoslate.com/XeggexOctober01" class="placement"> <noscript><img width="600" height="500" style="max-width: 300px" src="https://cryptoslate.com/wp-content/uploads/2022/10/xeggex-300x250-01.jpg" alt="Xeggex"/></noscript><img class="lazyload" width="600" height="500" style="max-width: 300px" src="https://cryptoslate.com/wp-content/uploads/2022/10/xeggex-300x250-01.jpg" alt="Xeggex"/> </a></div><p>Ethereum’s (ETH) worth efficiency has outperformed these of different main layer1 networks within the final seven days, posting returns of over 10% towards Bitcoin (<a target="_blank" href="https://cryptoslate.com/coins/bitcoin/" rel="noopener">BTC</a>), in keeping with knowledge analyzed by CryptoSlate.</p><figure id="attachment_271194" aria-describedby="caption-attachment-271194" style="width: 418px" class="wp-caption aligncenter"><noscript><img class="size-full wp-image-271194" src="https://cryptoslate.com/wp-content/uploads/2022/10/image-2-1.png" alt="L! Returns vs BTC" width="418" height="312" srcset="https://cryptoslate.com/wp-content/uploads/2022/10/image-2-1.png 418w, https://cryptoslate.com/wp-content/uploads/2022/10/image-2-1-300x224.png 300w" sizes="(max-width: 418px) 100vw, 418px"/></noscript><img class="lazyload size-full wp-image-271194" src="https://cryptoslate.com/wp-content/uploads/2022/10/image-2-1.png" alt="L! Returns vs BTC" width="418" height="312" srcset="https://cryptoslate.com/wp-content/uploads/2022/10/image-2-1.png 418w, https://cryptoslate.com/wp-content/uploads/2022/10/image-2-1-300x224.png 300w" data-sizes="(max-width: 418px) 100vw, 418px"/><figcaption id="caption-attachment-271194" class="wp-caption-text">Supply: Glassnode</figcaption></figure><p>In response to the Glassnode knowledge, solely Ethereum and Polygon’s <a target="_blank" href="https://cryptoslate.com/coins/polygon/" rel="noopener">MATIC</a> posted constructive returns towards Bitcoin in the course of the week. In the meantime, Solana (<a target="_blank" href="https://cryptoslate.com/coins/solana/" rel="noopener">SOL</a>) briefly noticed constructive features in the course of the week earlier than declining, whereas different layer1 like Binance (<a target="_blank" href="https://cryptoslate.com/coins/bnb/" rel="noopener">BNB</a>), Polkadot (<a target="_blank" href="https://cryptoslate.com/coins/polkadot/" rel="noopener">DOT</a>), and Cosmos (<a target="_blank" href="https://cryptoslate.com/wp-admin/post.php?post=271190&amp;action=edit" rel="noopener">ATOM</a>) all noticed unfavorable returns all through the week.</p><p>Within the final seven days, CryptoSlate knowledge reveals that ETH recorded a formidable 18.73% achieve, pushing its worth above the $1,500 mark for the primary time within the final 30 days on Oct. 25. This worth efficiency additionally briefly <a target="_blank" href="https://cryptoslate.com/recent-price-action-makes-ethereum-50th-largest-asset-by-market-cap/" rel="noopener">made</a> ETH the fiftieth most respected asset on the planet.</p><p>In comparison with ETH’s final seven days’ efficiency, different layer1 networks like SOL, ATOM, and MATIC posted a constructive return of 12.49%, 17.86%, and 15.35%, respectively. On the identical time, BNB and DOT noticed lower than 10% features.</p><p>In the meantime, BTC solely recorded features of seven.53% within the final seven days.</p><h2>Ethereum layer2 TVL soars above $5B</h2><p>Layer2 networks on Ethereum have seen the entire worth of belongings locked within the ecosystem cross $5 billion because of the current market rally, in keeping with L2Beat <a target="_blank" href="https://l2beat.com/scaling/tvl/" rel="noopener">data</a>.</p><figure id="attachment_271210" aria-describedby="caption-attachment-271210" style="width: 1732px" class="wp-caption aligncenter"><noscript><img class="size-full wp-image-271210" src="https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929.jpg" alt="Ethereum Layer2 networks" width="1732" height="748" srcset="https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929.jpg 1732w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-300x130.jpg 300w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-1024x442.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-768x332.jpg 768w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-1536x663.jpg 1536w" sizes="(max-width: 1732px) 100vw, 1732px"/></noscript><img class="lazyload size-full wp-image-271210" src="https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929.jpg" alt="Ethereum Layer2 networks" width="1732" height="748" srcset="https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929.jpg 1732w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-300x130.jpg 300w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-1024x442.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-768x332.jpg 768w, https://cryptoslate.com/wp-content/uploads/2022/10/Screenshot-2022-10-28-140929-1536x663.jpg 1536w" data-sizes="(max-width: 1732px) 100vw, 1732px"/><figcaption id="caption-attachment-271210" class="wp-caption-text">Supply: L2Beats</figcaption></figure><p> </p><p>TVL rose by 9.34% within the final seven days to $5.03 billion. The ecosystem crossed $5 billion on Oct. 26, when ETH’s worth was buying and selling above $1,500.</p><p>This implies the belongings locked in Ethereum layer2 community are on par with that locked in different blockchain networks like Binance Sensible Chain and Tron, that are round $5 billion.</p><p>Arbitrum One and Optimism account for over 80% of the TVL. The information confirmed that Arbitrum has over 50% of the TVL with $2.54 billion price of belongings locked in it, whereas Optimism has a $1.59 billion worth.</p><p>In the meantime, layer1 blockchain networks like Solana, Cardano, Algorand, and so on., have a TVL that's lower than $1 billion, respectively, in keeping with DeFillama <a target="_blank" href="https://defillama.com/chains" rel="noopener">data</a>.</p><div class="edge-cta hidden"><h2>Get an <span>Edge</span> on the Crypto Market 👇</h2><p>Grow to be a member of CryptoSlate Edge and entry our unique Discord neighborhood, extra unique content material and evaluation.</p><div class="cols"><p> <span class="img chart"/> <strong>On-chain evaluation</strong></p><p> <span class="img price"/> <strong>Value snapshots</strong></p><p> <span class="img context"/> <strong>Extra context</strong></p></div> <a target="_blank" href="https://cryptoslate.memberful.com/checkout?plan=43765" class="btn join" rel="noopener">Join now for $19/month</a> <a target="_blank" href="https://cryptoslate.com/edge/" class="btn" rel="noopener">Explore all benefits</a></div><div class="code-block code-block-4" style="margin: 8px 0; clear: both;"><div class="placement bots-io-netherlands hidden"> <a target="_blank" href="https://link.cryptoslate.com/zqf" rel="noopener"> <noscript><img width="1200" height="300" src="https://cryptoslate.com/wp-content/uploads/2022/10/bots_below_post_Version_2B_1200x300.png" alt=""/></noscript><img class="lazyload" width="1200" height="300" src="https://cryptoslate.com/wp-content/uploads/2022/10/bots_below_post_Version_2B_1200x300.png" alt=""/> </a></div></div></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiRWh0dHBzOi8vY3J5cHRvc2xhdGUuY29tL2V0aGVyZXVtLXByaWNlLW91dHBlcmZvcm1zLW90aGVyLWwxLW5ldHdvcmtzL9IBS2h0dHBzOi8vY3J5cHRvc2xhdGUuY29tL2V0aGVyZXVtLXByaWNlLW91dHBlcmZvcm1zLW90aGVyLWwxLW5ldHdvcmtzLz9hbXA9MQ?oc=5">Source link </a>