Ethereum's L2 networks are on a roll, hitting a record $51.5 billion in total value locked (TVL)! 🚀 That's a whopping 205% jump since last November. Arbitrum One and Base are leading the charge, holding 35% and 22% of the L2 ecosystem's TVL, respectively. Base even broke its own speed record with 106 transactions per second, thanks to a memecoin frenzy. The Dencun upgrade has been a game-changer, stabilizing fees and boosting capacity. While some worry L2s might nibble into Ethereum's mainnet revenue, it's clear they're scaling new heights!