Ethereum keeps on maintaining its dominance in decentralized finance (DeFi). Ethereum’s trademark Layer 2 scaling solutions have a total value of locked assets in L2 systems over $38 billion. As per the data shared by L2Beat, the top Ethereum L2 projects by total value locked (TVL) include many prominent crypto assets like Arbitrum ($ARB), Base($BASE), Optimist ($OP), Blast ($BLAST), Mantle ($MNT) and a few others.
Top Ethereum Layer 2 Projects by Total Value LockedThe total value of assets locked in @ethereum #Layer2 systems is almost $38B at the moment, according to @l2beat. Let’s compare the top Layer 2 projects by current TVL in USD, including @arbitrum $ARB, @base, @Optimism $OP,… pic.twitter.com/GSy02791GQ
— TOP 7 ICO | #StandWithUkraine (@top7ico) August 27, 2024
Arbitrum Leads the Ethereum Layer 2 Projects by TVL
Arbitrum ($ARB) stands out as the most prominent project on Ethereum L2 with an impressive $15.4 billion in total value locked. Speaking of weekly performance, $ARB shows a 2.42% increase during the last 7 days. Artbitrum’s steady growth indicates its pivotal role in scaling Ethereum for robust, secure, easy and cost-effective transactions.
Base and Optimism Contribute Side by Side to Ethereum L2 Scaling
Base, a nascent addition to the Ethereum Layer 2 scaling ecosystem, has secured the second position with $6.36 billion in total value locked. Base ($BASE) has shown a significant rise of 2.21% during the last week. On the other hand, Optimism ($OP) boasts $5.93 billion in total locked value (TVL) and a higher rise in parentage of 4.49% as compared to Base during the last seven days.
Way Forward
Blast ($BLAST), Mantle ($MNT), ZKsync Era ($ZK), Starknet ($STRK) and Manta Network ($MANTA) are also on the list of top Ethereum Layer 2 projects by total value locked. Collectively, $38 billion worth of crypto assets are locked in the L2 systems. This growing adoption of L2 scaling solutions and the increasing total value-locked depicts the crucial role played by Ethereum to enhance scalability in DeFi. Moreover, Ethereum L2 scaling solutions strive at best to enhance the user experience at reduced costs.
