Summary, the Layer-2 network deployed this week by basswood penguins, has started in disorder despite a series of incentives to new users.
The network has marked 711,000 user transactions on the day of the release, but this respectable total was overshadowed by a lack of entries. Its secure total value (TVS) was held at only $ 33 million in ether (ETH) and Stablecoins, far from tens of billions of dollars distributed on other 2 hyculine layers.
The native decentralized exchange of the platform, Noxa, has a value of $ 109,000 of total locked value (TVL), down $ 515,000 on launching day, Defillama emissions.
The launch was marketed as a “new consumer crypto era” with a simplified integration that allowed users to create a portfolio using an e-mail address.
Users interact with the abstract accumulation of “XP points” which can be used to “level” and unlock the rewards. However, an abstract supporter on X noted that “most people do not care about XP as much as returning their NFT”, before loading the project community.
Summary works like the majority of other layer 2 networks based on Ethereum, users can fill funds from other blockchains, exchange tokens on decentralized exchanges and launch new tokens on Zoo.fun, the abstract version of the launcher of pump.fun tokens.
But the CEO of the abstract, Luca Netz, wants to divert the attention of the applications of suffocating deffi which generally control the most liquidity on other networks, it rather wants products which are “fun”.
Netz said during an interview that “if it is not fun and viral, there is no reason for you to build on abstract. I optimist for pleasure, the viral, simple, stupid. If you Want to build the next DEFI application, I really recommend using Berachain or Arbitrum.
The launch of summary coincided with a loss of momentum in the native token of the grassing penguins (PEGGU), which is down 7.6% in the last 24 hours and 41% in last week.
The non -bubble tokens sector (NFT) had trouble reaching the dizzying peaks of 2022 during the recent bull market. The volume of negotiations on Opensea, despite a major increase in December in the midst of air rumors, is on average about $ 15 million a day in January, against 160 million dollars a day three years ago.
