Ethereum Layer 2 Networks See Significant Increase In Total Value Locked

According to PANews, the total value locked (TVL) in Ethereum Layer 2 networks has reached $38.87 billion, marking an 8.26% increase over the past seven days. The data, sourced from L2BEAT, highlights notable growth across several Layer 2 solutions. Arbitrum One leads the pack with a TVL of $15.84 billion, experiencing a 7% rise within the week. Following closely is Base, which has seen its TVL grow to $6.54 billion, a 6.3% increase. OP Mainnet also reported a significant uptick, with its TVL reaching $6.13 billion, up by 11.22%. Other notable mentions include Blast, which has a TVL of $1.77 billion, reflecting a 2.52% increase, and Mantle, which has grown to $1.26 billion, marking a 6.11% rise over the same period.