Ethereum Layer2 TVL Plummets 10.6% to $31.7 Billion

Market Overview

Recently, Ethereum Layer2 ecosystem faced capital outflows, with Total Value Locked (TVL) dropping to $31.7 billion, representing a 10.6% decline over seven days. This reflects a temporary setback in investor confidence.

Performance of Major Protocols

• Arbitrum One leads with $15.52 billion in TVL, down 6.8% in the last seven days.
• Base holds $10.34 billion, experiencing a 7.72% drop.
• OP Mainnet decreased to $1.77 billion, with a 10.1% decline.
• Lighter saw minimal loss, down only 0.04% with $1.28 billion in TVL.
• Starknet TVL stands at $621 million, down 8.7%.

Overall, the Ethereum Layer2 ecosystem is undergoing a short-term adjustment, and its future recovery remains to be seen.