According to Foresight News, data from L2BEAT indicates that Arbitrum One has surpassed a total value locked (TVL) of $20 billion, marking it as the first Layer 2 network to reach this significant milestone. The network's TVL experienced a 15.6% increase over the past 24 hours.
In comparison, Base's TVL stands at $12.4 billion, reflecting a 14.5% growth within the same period. Meanwhile, OP Mainnet has a TVL of $8.66 billion, with a 16.5% increase in the last 24 hours. Blast's TVL is reported at $1.57 billion, showing a 5.82% rise, while ZKSync Era's TVL is at $1.3 billion, having grown by 26.1%. Starknet's TVL is recorded at $1.13 billion, with a 22.2% increase over the past day.
These developments highlight the dynamic growth and competitive landscape among Layer 2 networks, as they continue to expand their capabilities and attract more value within the decentralized finance ecosystem.