Ethereum Layer 2 Total Locked Volume Surges to $38.04 Billion with Arbitrum Leading the Pack

As of October 19, recent data from L2BEAT reveals that the total locked volume (TVL) within the Ethereum Layer 2 ecosystem has reached an impressive US$38.04 billion, reflecting a noteworthy 7-day growth of 4.55%. This upward trend highlights the increasing interest and investment in Layer 2 solutions, which aim to enhance scalability and transaction speed on the Ethereum network. Among the leaders, Arbitrum One stands out with a TVL of US$13.74 billion, representing a 3.77% increase over the past week. Meanwhile, Base and OP Mainnet have also shown significant growth, reporting US$7.89 billion (up by 6.54%) and US$6.4 billion (up by 2.71%), respectively. Other notable entrants include Blast and Mantle, with TVLs of US$1.44 billion and US$1.43 billion, showing increases of 2.10% and 5.59% accordingly.