In recent months, Ethereum (ETH) reserves on Layer 2 (L2) networks have plummeted, with the overall ETH balance dropping by approximately 25%. ETH on Optimism has fallen by as much as 54% since March, while Arbitrum and Base have seen declines of 17% and 14%, respectively. What is driving this decline? The chart from The DeFi Report clearly illustrates this trend, particularly since early 2025, when major L2 networks like Optimism and Base have witnessed significant ETH withdrawals. According to analyses, the weakening prices of native Ethereum L2 tokens are a critical factor
source: https://beincrypto.com/ethereum-layer2s-hit-by-market-shift/