Summary
Layer-2 network takes $2.3 billion in deposits but drops to $650 million within 24 hours of launch.
Key Points
1. The layer-2 network had accumulated $2.3 billion in deposits since November in preparation for launch.
2. Within 24 hours of going live, the network’s deposits had decreased significantly to $650 million.
3. The network’s launch was surrounded by controversy and skepticism, with many questioning the sustainability and security of the platform.