CoinVoice has recently learned that data shows the reserves of Ethereum on major Layer 2 networks are rapidly declining, with the overall ETH balance decreasing by about 25% over the past few months. Among them, the ETH reserves on Optimism have plummeted by 54% since March, while Arbitrum and Base have decreased by 17% and 14%, respectively.

Analysis points out that the weak prices of L2 native tokens, declining investor interest, and some funds flowing back to the Ethereum mainnet are the main reasons. At the same time, the amount of ETH staked and the number of long-term holding addresses continue to hit new highs. The migration of funds from centralized platforms like Binance may be one of the driving factors for ETH exiting L2. [Original link]