Polygon (MATIC) Killer? Top Analyst Says One Layer-2 May Have Legs To Become Dominant Ethereum Scaling Solution

A well-known cryptocurrency analyst believes that one Layer 2 project could eliminate Polygon (MATIC) and become the leading Ethereum (ETH) scaling solution.

Semi-anonymous host of InvestAnswers known as ‘James’ To tell Arbitrum dominates the scaling market with a new video appearance on Crypto Banter, a YouTube channel with 599,000 subscribers.

I always thought MATIC was the #4 best platform for Layer 1 stuff, but things like Arbitrum and Optimism changed the whole game. Especially when you look at metrics such as TVL and adoption, it goes by the name of Arbitrum, it’s getting hyped and it doesn’t even have tokens yet…

Arbitrum is a virtual machine architecture. Similar to Polygon, I think Arbitrum has legs that make it a Polygon killer. “

TVL stands for Total Value Lock. Blockchain TVL represents the total capital held within a smart contract and is calculated by multiplying the amount of collateral locked into the network by the current value of the asset.

Arbitrum has gone from zero TVL in August 2021 to around $1.22 billion at the time of writing, according to decentralized financial data tracker. defi lama.

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