The layer 2 panorama on prime of Ethereum has seen some intense competitors over the previous few months. In accordance with L2Beat, Arbitrum, one other optimistic scaling answer and Optimism’s greatest rival, leads the best way with $5.69 billion complete worth locked (TVL), a measure of collateral socked into decentralized-finance (DeFi) protocols on the community, whereas Optimism has $1.68 billion TVL.