Ethereum Layer 2 TVL Plummets to $467.9 Billion Amid Significant Weekly Losses

According to L2BEAT data reported on December 23 by COINOTAG News, the total value locked (TVL) in Ethereum Layer 2 solutions has experienced a notable decline, currently standing at $467.9 billion. This marks a significant 7-day decrease of 13.2%, highlighting ongoing volatility in the Layer 2 ecosystem. Among the top five networks, Arbitrum One leads with a TVL of $19.18 billion, albeit with a 7-day reduction of 9.96%. Following closely is Optimism PBC Mainnet, reporting a TVL of $12.91 billion and a decrease of 11.4%. Other notable mentions include Optimism PBC Mainnet with a TVL of $7.17 billion, reflecting a substantial drop of 17.9%, and Blast with $1.21 billion, down by 17.7%. Lastly, ZKsync Era recorded a TVL of $1.09 billion and a concerning decrease of 19.9%.