Ethereum Layer 2 Networks Experience Decline in Total Value Locked

According to PANews, data from L2BEAT reveals that the total value locked (TVL) in Ethereum Layer 2 networks has reached $45.63 billion, marking an 11.3% decrease over the past seven days. The top five networks by TVL are Arbitrum One with $17.63 billion, experiencing a 10.7% decline; Base with $13.63 billion, down by 13.2%; OP Mainnet with $7.1 billion, decreasing by 9.38%; ZKsync Era with $1.19 billion, down by 6.33%; and Blast with $982 million, experiencing an 8.21% decline.