Fraxtal TVL Surpasses $100 Million, Ethereum TVL Rebounds to $464.1 Billion

According to Foresight News, data from L2BEAT reveals that the modular L2 blockchain, Fraxtal, has seen its Total Value Locked (TVL) surpass $100 million, marking a 24.08% increase within a week. In addition, Ethereum's TVL has rebounded to $464.1 billion, showing a 13.15% increase over the same period. Fraxtal's significant growth in TVL indicates an increasing interest and trust in the platform from investors. The modular L2 blockchain has been gaining traction due to its unique features and capabilities, which have attracted a substantial amount of investment. On the other hand, Ethereum's rebound in TVL signifies a recovery in its market position. Despite facing competition from other blockchains, Ethereum continues to hold a significant share in the market. The 13.15% increase in its TVL over the past week suggests a positive trend for the platform. These developments in the blockchain sector highlight the dynamic nature of the market and the potential for growth in both established platforms like Ethereum and emerging ones like Fraxtal.