Summary
- The total value locked (TVL) in the Ethereum Layer 2 network increased by 11.3% to $59.71 billion.
- In particular, Arbitrum One (ARB)'s TVL reached $21.46 billion, ranking first in market share.
- Layer 2 is gaining attention as a technology for reducing fees and improving processing speed.
According to the blockchain data statistics site L2BEAT, as of 20:10 on the 7th, the total asset (TVL) deposited in Ethereum (ETH)'s Layer 2 network recorded $59.71 billion, an 11.3% increase compared to the previous week. This is approximately 85 trillion and 27 billion won.
In particular, Arbitrum One (ARB)'s TVL reached $21.46 billion, ranking first in market share among the entire Layer 2 network. It was followed by Base at $14.04 billion, Optimism (OP) at $9.12 billion, and Blast at $1.67 billion.
Layer 2 refers to a network that implements a separate device to process data outside the blockchain, reducing fees and increasing processing speed.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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