Ethereum Layer 2 adoption has reached an all-time high of 14.65M ETH locked.
The value of ETH locked has grown 109.61% over the past year.
The total value locked in USD has reached $33.95 billion, marking a 199.03% yearly increase.
Ethereum’s Layer 2 networks are gaining traction, with 14.65 million ETH currently locked in various protocols. The locked value has skyrocketed by 109.61% in the past year, according to the latest data from L2Beat.
Ethereum’s Layer 2 solutions are built to deliver faster and more affordable transaction processing compared to the main Ethereum network (Layer 1). In the last 30 days alone, the amount of ETH locked in Layer 2 solutions grew by 6.75%, showing consistent growth. This week, the figure hit an all-time high of 14.77 million ETH valued at over $33 billion.
“Ethereum’s Layer 2 is Unstoppable” — Top Analyst
Leon Waidmann, Head of On-chain Insight, weighed in on the latest data, noting, “The adoption of Ethereum’s Layer 2 is unstoppable.” According to him, the steady increase in ETH locked is key to an increased value of Ethereum, not just in monetary terms.
Looking at the increase in ETH locked in t…
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