Ethereum L2 Networks’ TVL Drop to $43.29 Billion as Arbitrum and Base Lead
The post Ethereum L2 Networks’ TVL Drop to $43.29 Billion as Arbitrum and Base Lead appeared on BitcoinEthereumNews.com.
The TVL in Ethereum L2 networks has reached $43.29 billion, though a 3.52% decrease over the past week. That is according to the latest data shared by OKX Ventures today. Despite this short-term slump, Ethereum L2 solutions continue to see growth. This surge signals the increasing significance of these solutions for Ethereum’s scalability by decreasing congestion, wait times, and transaction fees on the main blockchain. Ethereum Layer2 Ecosystem Update: Market Trends & Insights According to @L2BEAT, the total value locked (TVL) across Ethereum Layer2 networks stands at $43.29B, reflecting a 3.52% decline over the past 7 days. Despite this short-term downturn, Layer2 solutions continue to… pic.twitter.com/dwVoQuaAbZ — OKX Ventures (@OKX_Ventures) February 1, 2025 5 Best performing L2 networks The data spotted Arbitrum as the top-performing L2 solution, boasting a TVL of $16.29 billion. Although the rollup maintained its dominance, its TVL witnessed a minor decrease of 2.63% over the past week. Base secured the second position as its TVL reached $13.96 billion, representing an increase of 0.09% in the last seven days. OP Mainnet became third after it recorded a TVL worth $6.41 billion, reflecting a drop of 5.69% over the same period. Its total value locked saw the biggest weekly decline among the leading five L2 networks. ZKsync Era took the fourth position after its TVL surged to $1.16 billion, an increase of 3.82% over the same duration. With this upsurge, ZKsync’s TVL experienced the biggest weekly gain among the top five L2 solutions. Lastly, Blast settled on the fifth position after it registered a TVL of $0.878 billion over the past week, though a decrease of 3.28%. Layer-2 Solutions fueling mass adoption According to the data, the current layer-2 landscape is turning to be more segmented. Layer-2 segmentation is an important thing as it not only enables improved…
Filed under: News - @ February 2, 2025 3:26 pm