Arbitrum Throws Hat In Ring for Celo’s Migration to Layer-2 Blockchain

A notable fact about Arbitrum is that it’s the largest layer-2 based on the key metric of “total value locked,” or TVL, which represents deposits locked into decentralized-finance protocols on any given network. The figure currently stands at $8.4 billion for the Arbitrum One network, according to the website L2Beat, almost double No. 2 OP Mainnet’s $4.6 billion.