The total value of assets locked in Ethereum Layer 2 systems has reached nearly $44 billion, according to L2BEAT. These Layer 2 solutions are designed to improve the scalability and efficiency of Ethereum, making transactions faster and cheaper. Here you will find the details of the projects from the top layer 2, based on their Total Value Locked (TVL) in USD.
Top Ethereum Layer 2 projects locked by total value
The total value of assets locked in @Ethereum #Layer2 systems currently stands at almost $44 billion, according to @l2beat. Let’s compare the top Layer 2 projects based on current TVL in USD, including @Arbitrum $ARB, @Base, @Optimism $OP,… pic.twitter.com/5bp6Vwequa
— TOP 7 ICO | #StandWithUkraine
(@top7ico) July 26, 2024
Arbitrum ($ARB) dominates with $17 billion in TVL
Arbitrum ($ARB) tops the list with a staggering total value of $17 billion. Arbitrum has become popular for its innovative roll-up solution. This is followed by Base with a TVL of $7.2 billion. Base has a solid foundation that allows it to host a variety of dApps.
Optimism ($OP) ranks second with $6.48 billion invested in its system. Optimism uses optimistic rollups for faster and cheaper transactions, making it the go-to platform for Ethereum users. Blast ($BLAST) with a TVL of $2.34 billion is another major participant in the Layer 2 space. Blast aims for faster transactions and lower gas rates, which are suitable for various applications based on the blockchain.
Mantle ($MNT) has a total locked value of $1.33 billion. Other prominent projects include Scroll, with a Total Value Locked (TVL) of $1.32 billion, and Linea, with a TVL of $1.17 billion. Both projects aim to increase the speed of transactions and reduce their price, which will positively impact the experience of using Ethereum.
Manta Network completes list with $630 million in TVL
Another example is zkSync ($ZK), with a total value of $1.14 billion, which also offers privacy and security, along with high speed, using its zero-knowledge roll-up technology. Starknet ($STRK) has $705 million locked up in the Starknet system. Starknet guarantees people’s safe and fast transactions, so it can be considered a promising Layer 2 solution.
Finally, Manta Network, $MANTA, has a TVL of $630 million and addresses privacy and security concerns while offering private transactions in Ethereum. This is one of the main approaches emphasized by Ethereum to solve scalability issues and at the same time it opens up new opportunities and developments in the context of Web3. With the development of Layer 2 technology, these platforms are essential to Ethereum’s progress in the future.
