.@Base has risen to the top of the L2 space on the back of their Onchain Summer campaign…
➡️ 1.5M DAAs
➡️ $2B TVL
➡️ 5M Daily Transactions
Learn what else is happening on L2s from @codygarrison_: http://ournetwork.xyz/p/on-277-hackathon-mega-issue#layer-2s…
Chart via: @artemis__xyz

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

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