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Coinbase's Base layer 2 network ran the 'Onchain Summer' campaign throughout summer 2024, driving total value locked to over $7 billion and daily transactions exceeding Ethereum mainnet volumes.
The Bitcoin Lightning Network's total capacity surpassed 5,000 BTC in early 2024, representing approximately $225 million in locked liquidity across over 15,000 active nodes.
Polygon migrated from the MATIC token to the POL governance token on September 4, 2023, completing a major rebranding initiative under the new Polygon Labs organizational structure.
Coinbase launched Base Layer 2 on August 9, 2023, an Optimism-based network that achieved $400 million in total value locked within weeks.
