Ethereum Layer 2 Networks Slide to $5 Billion in Total Value Locked
cryptoblockchainsdefi 2 posts · 2 accounts
Total value locked in Ethereum Layer 2 networks has fallen to roughly $5 billion, the lowest level recorded since 2023.
The decline marks a reversal of the 2024 expansion phase that saw growth across networks including Arbitrum, Optimism and ZKsync. Despite the broader contraction, Base, Optimism and Arbitrum continue to control approximately 96% of the sector's combined value.
From the sources (2 posts)
@bpaynewsETH Layer 2 TVL slips to multi-year low as momentum wanes; optimism, Base, and Arbitrum still dominate ~96% of L2 value. $ETH
@theblockcoTHE BLOCK: Total value locked in Ethereum Layer 2 networks has slid back to roughly $5 billion, a level last seen in 2023. That marks a reversal from 2024, when Layer 2 adoption accelerated and TVL surged across networks such as Arbitrum,