According to Foresight News, Ethereum's Layer 2 solution, Mantle Network, has reached a historic milestone. The Total Value Locked (TVL) in the network has surpassed $1 billion, marking a new record. Over the past week, the network has seen a significant increase of 17.75% in its TVL.
The Mantle Network is a part of Ethereum's Layer 2 solutions, designed to improve the scalability and efficiency of the Ethereum blockchain. The surge in TVL indicates a growing trust and interest in the network by investors and users alike. The increase in value locked in the network also signifies the growing adoption of Ethereum's Layer 2 solutions.
This milestone is significant as it demonstrates the increasing acceptance and use of Ethereum's Layer 2 solutions in the blockchain industry. The rise in TVL also indicates a positive trend for the Mantle Network and Ethereum's Layer 2 solutions as a whole.
