Arbitrum

Immutable

Base

zkSync

Metis

An all-time record for Total value locked (TVL) was recently set on the Arbitrum One platform. 
According to the L2Beat platform, the growth in the last 24 hours was 15%, and TVL of <a href="https://crypto.news/tag/Arbitrum/">Arbitrum</a>, a Layer 2 solution for the Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) network designed to increase the speed and scalability, has reached a record value of $10.18 billion. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="459" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-03-at-10.50.17-1024x459.png" alt="Arbitrum One's TVL surges to $10b, breaks new records - 28" class="wp-image-14233849">
 <figcaption class="wp-element-caption">
 Source: L2Beat
 </figcaption>
</figure> 
In second place is the <a href="https://crypto.news/tag/optimism/">Optimism</a> protocol, whose TVL amounted to $6.34 billion – almost 40% less than Arbitrum. Over the past 24 hours, the TVL of the protocol has also shown a significant increase of 11.63%. Metis closed the top three. However, the platform warns that a proof system is being developed. 
Also in the top 5 protocols by TVL were <a href="https://crypto.news/tag/Base/">Base</a> and zkSync Era, with $636 million and $569 million, respectively. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="334" src="https://crypto.news/app/uploads/2024/01/Screenshot-2024-01-03-at-10.49.42-1024x334.png" alt="Arbitrum One's TVL surges to $10b, breaks new records - 29" class="wp-image-14233850">
 <figcaption class="wp-element-caption">
 Source: L2Beat
 </figcaption>
</figure> 
The total TVL volume for the first three blockchains on the list was more than 82%. Also in the top 10 second-tier networks were Manta Pacific, dYdX, Mantle, Immutable X, and Line. 
In November 2023, CoinGecko analysts <a href="https://crypto.news/coingecko-reports-arbitrum-as-being-the-largest-l2-solution/">said</a> that Arbitrum topped the ranking of L2 networks in terms of the volume of blocked funds in smart contracts with an indicator of $1.79 billion. At the same time, in May 2023, the Arbitrum second-level network reached a record level of $2.6 billion. However, analysts then called the network Base from Coinbase the fastest-growing tier 2 solution. 
 Read more: <a href="https://crypto.news/ethereum-among-major-blockchains-dominating-with-92-5-of-total-tvl/"> Ethereum among major blockchains, dominating with 92.5% of total TVL </a>

Arbitrum One’s TVL surges to $10b, breaks new records

crypto.news

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