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Ethereum Layer 2 TVL Surges to Record $47B
The total value locked (TVL) of Ethereum Layer 2 networks has reached an all-time high of $47 billion, marking a remarkable 10-fold increase since March. This milestone emphasizes the growing adoption and utility of Layer 2 solutions within the Ethereum ecosystem.
According to data from L2BEAT, the current TVL of all canonically bridged, externally bridged, and natively minted tokens on Ethereum Layer 2 networks stands at $47.45 billion, setting a new record. Arbitrum One is the leading network with a TVL of $19.3 billion, followed by OP Mainnet at $7.86 billion and Base with $6.94 billion TVL.
Blast, Mantle, Linea, and Starknet are other networks with over $1 billion in TVL. L2BEAT reported a 17.39% increase in TVL across all Layer 2 networks in the past seven days, signaling continued growth and momentum in the space.
Regulatory Approval Sparks Surge
The surge in Layer 2 adoption can be traced back to the recent gree
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