According to BlockBeats, Ethereum Layer2's total value locked (TVL) has reached a record high of $25.34 billion on February 15th. The data from L2BEAT shows a 10.97% increase in TVL over the past seven days.
This surge in Ethereum Layer2's TVL indicates a growing interest in the Layer2 scaling solutions, which aim to improve the Ethereum network's performance and reduce transaction costs. As the Ethereum network continues to face congestion and high gas fees, Layer2 solutions are becoming increasingly popular among users and developers.
The rise in Ethereum Layer2's TVL is a positive sign for the overall growth and adoption of the Ethereum ecosystem, as it demonstrates the increasing demand for scalable and efficient solutions to address the network's limitations.