According to BlockBeats, Ethereum's Layer2 scaling solution, Scroll, has seen its Total Value Locked (TVL) surpass $800 million, reaching $809 million. This represents a 12.97% increase over the past week.
Ethereum's Layer2 solutions are designed to improve the scalability of the Ethereum network by processing transactions off the main Ethereum chain. Scroll is one of these solutions, and its recent surge in TVL indicates a growing interest and trust in its capabilities.
The increase in TVL suggests that more users are locking their assets in Scroll, indicating a growing confidence in the platform. This growth in TVL is a positive sign for Scroll and the broader Ethereum ecosystem, as it indicates a higher level of activity and engagement on the platform.