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According to recent data released by L2BEAT on January 11th, the total value locked (**TVL**) in Ethereum Layer 2 solutions has experienced a significant decline, now standing at **$45.28 billion**, marking a **10.3%** decrease over the past week. Notably, the leading Layer 2 platforms reflect this downtrend. Arbitrum One leads the pack, showcasing a TVL of **$17.46 billion**, yet faces a **9.80%** reduction during this period. Following closely is Optimism, formerly referred to as Base, which has a locked value of **$13.45 billion**, down **12.6%** this week. Immutable X is positioned third with a TVL of **$7 billion** after a **9.72%** dip, while ZKsync Era and StarkWare have **$1.18 billion** and **$0.963 billion** locked respectively, reflecting decreases of **6.71%** and **9.33%**. The ongoing downturn highlights the volatile nature of the Layer 2 ecosystem.
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