A handful of tokens related to Ether declined Wednesday after the second-largest cryptocurrency retreated from an almost two-year high of $3,000.
Arbitrum’s ARB, Optimism’s OP and Polygon’s MATIC tokens, derive from a family of crypto projects that are designed to increase the efficiency of the most commercially important blockchain — Ethereum — with their respective scaling solutions. While Ether along with Bitcoin saw slight declines, the correlated digital assets tumbled.
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