Layer 2s are on the rise, with a staggering 411% growth compared to last year, now accounting for 2.7% of total industry fees reported. Arbitrum leads after a 190% increase, closely followed by zkSync, with Starknet approaching Optimism's third spot. 🧵4/9

In DeFi Derivatives, GMX has overtaken dYdX with a 61% lead. The category shows significant consolidation in terms of annual fees, third Synthetix included. 🧵5/9