Altcoins News

Story: Ethereum Layer 2s Outperform Crypto Relief Rally After $19B Crash

By Steven Anderson

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Ethereum’s layer-2 (L2) ecosystem showed remarkable resilience as markets recovered from one of the most volatile weekends in recent crypto history.

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Among all layer-2 tokens, Mantle (MNT) stood out as the top performer, rebounding 31% within 24 hours to become the third-biggest gainer among the top 100 cryptocurrencies.

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“Mantle has had a lot of momentum recently, particularly with its utility driven by the Bybit integration, variety of products being offered, and it has a sizeable treasury,”…

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In addition to Mantle, Arbitrum (ARB) and Immutable (IMX) recorded double-digit rebounds, while Polygon (POL) rose nearly 8% as traders rotated capital into high-utility Ethereum…

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On-Chain Activity Strengthens L2 Momentum

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Data from blockchain analyst SatyaXBT revealed that Mantle’s active addresses increased by 117% week over week, the fastest growth among all Ethereum layer-2 networks.

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This feedback loop between centralized exchanges (CEX) and decentralized ecosystems (DeFi) is one of the defining trends of 2025.

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Bybit has emerged as a critical driver of Mantle’s success. Since August, Bybit has launched multiple staking programs, promotional campaigns, and a shared roadmap with Mantle to…

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According to Delphi Digital, this partnership marks a major shift in Mantle’s role: “Mantle is no longer just an L2 but the foundation of Bybit's ecosystem.

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Through its $200 million Mantle EcoFund, Bybit also supports developers building within the Mantle ecosystem, helping to establish a deep liquidity base for future applications.

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Beyond Mantle, Ethereum’s broader L2 network continues to show robust fundamentals. Arbitrum, Optimism, and Base have all seen rising transaction volumes and growing Total Value…

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Immutable (IMX), focused on blockchain gaming, also recorded strong gains amid growing user activity and developer interest in Web3 entertainment ecosystems.

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Binance Glitches Highlight Decentralization Advantage

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Part of the renewed interest in decentralized scaling platforms stems from the technical issues faced by centralized exchanges during the recent crash.

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Though Binance remained operational, the disruptions affected user confidence. Binance later compensated affected users with $283 million in funds.

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