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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
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Ethereum layer 2 TVL value breaks record, surpasses $21 billion
While there haven't been huge spikes in the price of Ether, the growth in the layer-two ecosystem has been remarkable. Total lock-up (TVL) has increased by 330% in the last 1 year, reaching $21.16 billion and peaking.
Equal to DeFi TVL in 2021
According to research by L2beat, this figure is almost identical to the value of money that entered all DeFi protocols in January 2021, when cryptocurrency prices were much higher. In addition, the total increase in DeFi protocols was only 38% this year. The last one-month increase in tier 2 TVL is over 34%.
Arbitrum is the leader...
Arbitrum, which has been talked about a lot with its airdrop in 2023, has become the project with the most share of the layer 2 TVL. The value locked in Arbitrum, which has a share of about 50%, has reached $10 billion. In second place is Optimism, another rising star of recent times. The market share of this project is 28.7%, while the TVL is around $5.8 billion. Metis Andromeda and Base are in 3rd and 4th place. The TVL value of the two projects is far from the first two places and is around 750 million dollars each.
On the other hand, the number of active addresses, transaction fees, and the second-layer stablecoin market have also increased as well as TVL in the second layers.
Published: January 5, 2024 09:49