According to Foresight News, data from L2BEAT indicates that the total value locked (TVL) in Ethereum Layer 2 networks has reached $40.44 billion, marking a 2.58% increase over the past seven days.

The top five Layer 2 networks by TVL are Arbitrum One, Base, OP Mainnet, Blast, and Mantle. Arbitrum One leads with $16.24 billion, experiencing a 2.8% rise over the week. Base follows with $6.69 billion, though it saw a 1% decrease. OP Mainnet holds $6.14 billion, showing a significant 6.37% increase. Blast has $2.58 billion, up by 1.52%, and Mantle rounds out the top five with $1.18 billion, increasing by 4.59% over the same period.