Ethereum

Coin

<ul class="wp-block-list news-points">
 <li><strong>Ethereum Layer 2 adoption has reached an all-time high of 14.65M ETH locked.</strong></li>
 <li><strong>The value of ETH locked has grown 109.61% over the past year.</strong></li>
 <li><strong>The total value locked in USD has reached $33.95 billion, marking a 199.03% yearly increase.</strong></li>
</ul>
<p>Ethereum’s Layer 2 networks are gaining traction, with 14.65 million ETH currently locked in various protocols. The locked value has skyrocketed by 109.61% in the past year, according to the latest data from <a href="https://l2beat.com/scaling/summary" target="_blank" rel="noopener noreferrer nofollow">L2Beat</a>.</p>
<p>Ethereum’s Layer 2 solutions are built to deliver faster and more affordable transaction processing compared to the main Ethereum network (Layer 1). In the last 30 days alone, the amount of ETH locked in Layer 2 solutions grew by 6.75%, showing consistent growth. This week, the figure hit an all-time high of 14.77 million ETH valued at over $33 billion.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="512" height="186" src="https://coinedition.com/wp-content/uploads/2024/09/unnamed-19.png" alt="" class="wp-image-500721" srcset="https://coinedition.com/wp-content/uploads/2024/09/unnamed-19.png 512w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-300x109.png 300w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-380x138.png 380w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-159x58.png 159w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-440x160.png 440w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-414x150.png 414w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-326x118.png 326w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-377x137.png 377w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-123x45.png 123w, https://coinedition.com/wp-content/uploads/2024/09/unnamed-19-129x47.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 </figure>
</div>
<h2 class="wp-block-heading" id="h-ethereum-s-layer-2-is-unstoppable-top-analyst">“Ethereum’s Layer 2 is Unstoppable” — Top Analyst</h2>
<p>Leon Waidmann, Head of On-chain Insight, <a href="https://x.com/LeonWaidmann/status/1836335874553925893?t=4d3Cozx7nI4zXUUscfJpyQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">weighed</a> in on the latest data, noting, “The adoption of Ethereum’s Layer 2 is unstoppable.” According to him, the steady increase in ETH locked is key to an increased value of Ethereum, not just in monetary terms.</p>
<p>Looking at the increase in ETH locked in t…</p>
<p>The post <a href="https://coinedition.com/ethereum-layer-2-tvl-surges-to-33-95-billion-eth-locked-at-all-time-high/" rel="noopener noreferrer nofollow">Ethereum Layer 2 TVL Surges to $33.95 Billion, ETH Locked at All-Time High</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum Layer 2 TVL Surges to $33.95 Billion, ETH Locked at All-Time High

Table of Contents

Coin Edition

Other articles published on Sep 18, 2024

Fuse Network Announces New Roadmap and Fuse Ember Upgrade to Accelerate Ecosystem Growth (18 Sep)

Why Fintech Is Broken: Exploring Its Flaws and Charting a Future with Blockchain

House Republicans demand SEC’s Gensler clarify crypto airdrops stance

U.S. Congressman Demands SEC Clarify Crypto Airdrop Regulations

Pepe and Avalanche Experience Market Slumps, But This Altcoin Is on Track for Major Gains

Ripple Unveils Key Stablecoin Trends Ahead of RLUSD Launch

Join our free newsletter for daily crypto updates!