Ethereum layer 2s outperform crypto relief rally after $19B crash
Ethereum layer-2 tokens outperformed the market, with Mantle surging 31%, driven by Bybit integration and increasing adoption across scaling solutions.
Ethereum scaling tokens outperformed most of the cryptocurrency market after the weekend crash, signaling stronger price resilience among layer-2 (L2) projects built on the world’s largest smart contract network.
Ethereum layer-2 scaling solution Mantle (MNT) had a 31% rebound on Monday, becoming the third-biggest gainer among the 100 largest cryptocurrencies tracked by CoinMarketCap.
The Arbitrum (ARB) and Immutable (IMX) tokens also registered double-digit gains, while the Polygon (POL) token had an 8% rebound in the 24 hours up to the time of writing.
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