Ethereum Layer 2 TVL Surges to $33.95 Billion, ETH Locked at All-Time High

CoinMarketCap09-19 02:54

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, ...

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The locked value has skyrocketed by 109.61% in the past year, according to the latest data from L2Beat.\nEthereum’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. 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