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Ethereum layer two TVL reaches all-time high
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The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to steadily rise driving further adoption.
Layer 2 analytics platform L2beat currently reports that the total amount of value locked across various L2 protocols and networks has reached an all-time high of $5.64 billion.
L2 scaling solutions provide much higher transaction throughput and lower transaction fees, and they have surged in terms of adoption in November which has seen the highest average gas fees in Ethereum network history.
Hitting new ATHs in $ETH locked in layer2pic.twitter.com/0971sAdS16
Arbitrum has the lion’s share of the L2 market with $2.67 billion locked up, or around 45% of the total.
The dYdX decentralized
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