The post Layer-2 criticism hits Arbitrum, Optimism; DTX Exchange debuts hybrid blockchain appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum L2s Arbitrum and Optimism face criticism and price drops, while DTX Exchange’s layer-1 blockchain excels in presale. Ethereum layer-2 networks are under critical scrutiny, being called parasitic to the network due to their fee concerns and increasing centralization. Justin Bons has been a leading critic of these L2 networks, even accusing them of stealing funds and interfering in the blockchain operations, leading to violation of decentralisation schemas. Arbitrum (ARB) and Optimism (OP) could not have their collars clean due to the critical environment surrounding them in the crypto sector. Their prices have been underperforming lately due to lowering whale action. As the demand for Arbitrum and Optimism declined, DTX Exchange rockets up with its hybrid layer-1 blockchain debut and a record-breaking presale performance. Arbitrum price hammered with 9.2% monthly drop Arbitrum is witnessing a falling trend with a 9.2% drop in the last 30 days. Though the network has recently announced its collaboration with Paxos to increase its scalability and blockchain adoption with more liquidity, Arbitrum is still under analysts’ scrutiny over its processes and on-chain schemas. The price analysis of Arbitrum on the 1-day chart paints a bearish picture for it till the FOMC meeting flips the broader crypto conditions to something favourable. Arbitrum is moving to retest the $0.5 support level as the bear run is fueling big stakeholders’ speculation about its price prospects in the remaining 2024. Optimism whales lose steam as L2 criticism soars Optimism is a top competitor among Ethereum-based layer-2 solutions with a promising rally last week. The token pushed hard to secure a spot above the $1.60 support but the rising bearish pressures following L2 criticism by leading voices pulled its…

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Filed under: News - @ September 14, 2024 1:23 pm