Recent data indicates a substantial achievement for Ethereum's Layer 2 platforms, surpassing 12.7 million ETH locked up. This development, alongside ETH's market price rising above $3,200, could impact Ethereum and Layer 2 solutions going forward.
Ethereum's Layer 2 Platforms Milestone
Examination of Total Value Locked (TVL) on Ethereum Layer 2 platforms shows a remarkable milestone in the amount of ETH locked. The data indicates that over 12.7 million ETH is currently locked on these Layer 2 solutions. Although the dollar TVL previously hit record highs, the locked Ether volume has now achieved this milestone, standing at over 12.734 million at present.
Prominent Layer 2 Platforms Contribution to TVL
An overview of Ethereum Layer 2 TVL reveals three key platforms contributing over 73% of the total TVL. The total TVL for Layer 2 solutions is around $40 billion, with Arbitrum holding the largest share at approximately $16.6 billion, representing about 41.4% of the total TVL. Furthermore, Optimism and Base Protocol also have substantial portions locked, with approximately $7.33 billion and $5.55 billion, respectively.
Ethereum's Steady TVL Range
An analysis of Ethereum's Total Value Locked (TVL) demonstrates a fluctuating pattern...
