Ethereum L2s Lead in Total Value Locked: Exceeding Other Blockchains

Ethereum-based L2s Surpass All Other Blockchains in Total Value Locked (TVL)

In a major achievement for the Ethereum ecosystem, second-layer networks built on top of Ethereum (L2s) have surpassed all other blockchains in terms of total value locked (TVL). Recently, the aggregated TVL of Ethereum-based L2 protocols exceeded that of all non-Ethereum blockchains. This achievement was highlighted by Josh Stark, a contributor to U.Today. According to Stark, Ethereum L2s currently account for $20.7 billion in equivalent value locked, while all other blockchains combined have a TVL of $19.6 billion.