Ethereum Layer-2 TVL breaks $3bn barrier

The total value locked (TVL) on Ethereum Layer-2 solutions has breached the $3bn barrier as DeFi ‘degens’ and Ethereum enthusiasts seek lower gas fees and lucrative DeFi opportunities.

According to data from L2Beat – an L2 comparison platform – the total TVL on Layer-2 solutions now stands at more than $3bn, with Arbitrum contributing to $2.2bn – almost 75% – of the total TVL. Data also shows that the daily transaction volume was about 267k yesterday – a growth rate of over…


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