Ethereum Layer 2 Networks Total Locked Value Reaches $38.24 Billion

According to PANews, the latest data from L2BEAT reveals a significant milestone for Ethereum Layer 2 networks. The total value locked (TVL) in these networks has surged to $38.24 billion, reflecting a 5.83% increase over the past week.

Top Ethereum Layer 2 Networks by Locked Value

As of now, the top five Layer 2 networks dominating the locked value landscape are:

1. Arbitrum One - $13.78 billion (4.59% increase)
2. Base - $7.93 billion (7.53% increase)
3. OP Mainnet - $6.4 billion (4.23% increase)
4. Scroll - $1.5 billion (9.72% increase)
5. Blast - $1.45 billion (2.74% increase)

Arbitrum One: Leading the Charge

Arbitrum One continues to lead the pack with a locked value of $13.78 billion. This network has showcased consistent growth, with a 4.59% increase from the previous week.

Base: Gaining Momentum

Following closely is Base, which reports a locked value of $7.93 billion. Remarkably, Base has experienced a 7.53% surge in locked value, highlighting its growing popularity.

OP Mainnet: Steady Performance

Holding strong, OP Mainnet shows a locked value of $6.4 billion, with a 4.23% rise. This consistent performance reflects its established position in the Ethereum ecosystem.

Scroll and Blast: Emerging Players

Scroll and Blast are also making waves in the Layer 2 market. Scroll reports a locked value of $1.5 billion after a significant 9.72% growth, while Blast stands at $1.45 billion with a 2.74% increase.

Conclusion

The increase in total locked value across Ethereum Layer 2 networks signals a robust interest and investment in these technologies. As more users and developers look for scalable solutions on Ethereum, these networks are poised for continued growth and innovation.