Ethereum Layer 2 Ecosystem Hits Record 14.65 Million ETH Locked, Reflecting Rapid Expansion

On September 18, COINOTAG revealed insights from Leon Waidmann, the research director at the on-chain analysis firm Onchain HQ, highlighting robust growth within the Ethereum Layer 2 ecosystem. According to Waidmann’s data, the total locked-up funds have hit an unprecedented 14.65 million ETH. He underscored that this momentum is not just apparent in USD terms but is also evident in the rising amount of locked-up ETH itself. This upward trajectory signals a rapid expansion of the Ethereum ecosystem, demonstrating strong underlying fundamentals.