The latest data from L2BEAT reveals that the total locked value in Ethereum Layer 2 networks has significantly increased, now standing at an impressive $38.24 billion. This marks a 5.83% surge within just seven days, highlighting the growing confidence and investment in these networks. Among the various platforms, Arbitrum One takes the lead with a substantial locked value of $13.78 billion, which represents a 4.59% increase over the past week.
Following closely is Base, contributing $7.93 billion, showcasing a strong 7.53% rise. OP Mainnet, another key player, holds a locked value of $6.4 billion, reflecting a steady 4.23% growth. Additionally, Scroll has seen remarkable gains, now locked at $1.5 billion, which equates to a notable 9.72% increase.
Lastly, Blast completes the top five with $1.45 billion in locked value, marking a modest rise of 2.74%. This expanding ecosystem underscores the robust nature of Ethereum Layer 2 solutions, paving the way for future advancements and broader adoption in the decentralized finance landscape..