The total value locked in Ethereum Layer 2 solutions has reached $33.08 billion, signaling a growing interest in these technologies.
Increase in Layer 2 Total Value Locked
According to L2BEAT, as of July 6, the total value locked in Ethereum Layer 2 has increased by 2.16% over the past week, reflecting the growing confidence in scalability solutions of the network.
Position of Arbitrum and Other Solutions
Arbitrum One holds the largest share with a total value locked of $14.15 billion, marking a 1.60% increase in the past week. Solutions such as Base and OP Mainnet also contribute significantly to this ecosystem.
Market Data and Insights
This current surge in total value locked aligns with historical trends observed during protocol upgrades. Arbitrum (ARB) is priced at $0.33, with a market cap of $1.62 billion.
The increase in total value locked in Ethereum Layer 2 demonstrates heightened interest in scalable solutions and the overall development of the network.
