According to PANews, the total value locked (TVL) in Ethereum's Layer 2 networks has reached $59.89 billion, marking a 14% increase on December 7. This surge in TVL highlights the growing adoption and utilization of Layer 2 solutions within the Ethereum ecosystem.
Leading the pack is Arbitrum One, which has a TVL of $21.51 billion, experiencing a 13.9% rise. Following closely is Base, with a TVL of $14.04 billion, showing a 14.8% increase. The OP Mainnet also saw a significant boost, with its TVL reaching $9.08 billion, up by 12.4%. Meanwhile, Blast recorded a TVL of $1.7 billion, reflecting an 8.25% increase. ZKsync Era experienced the most substantial growth among the top five, with its TVL rising by 27.9% to $1.46 billion.
These developments underscore the expanding role of Layer 2 networks in enhancing Ethereum's scalability and efficiency. As more users and developers turn to these solutions, the Ethereum ecosystem continues to evolve, offering improved transaction speeds and reduced costs.
