Ethereum's Layer 2 Ecosystem Plummets: TVL Drops 10.7%

Coin WorldSunday, Mar 2, 2025 3:40 am ET

1min read

Ethereum's Layer 2 ecosystem has witnessed a significant downturn, with the total value locked (TVL) plummeting to $34.29 billion, according to the latest data from L2BEAT. This decline represents a substantial 10.7% decrease over the past week, underscoring the volatility that continues to grip the crypto market.

The leading Layer 2 solutions have exhibited a mixed performance. Arbitrum One, the current market leader, has seen its TVL decrease by 9.09% to $13.07 billion. Meanwhile, Base has demonstrated resilience, with a 9.69% increase, bringing its TVL to $11.85 billion. Other notable players, such as OP Mainnet and ZKsync Era, have not fared as well, with declines of 12.9% and modest increases of 10.10% respectively. However, Starknet has shown promising growth, up 11.7%, indicating a diversified investment outlook among investors in the Layer 2 landscape.

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