🚨 Ethereum L2 TVL slides to $5B, hitting two-year low
📊 Alpha Breakdown:
Ethereum Layer-2 TVL fell back to $5billion, matching 2023 lows and erasing most of 2024’s growth. Optimism, Base and Arbitrum still dominate, holding 96% of the value. Leadership churn at the Ethereum Foundation and waning institutional interest contributed to the slide, while TVL on ZK-rollups remains negligible. The decline also pressures L2 token prices and raises questions about scaling incentives....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/ethereum-l2-tvl-slides-to-5b-hitting-two-year-low
#cryptonews #cryptocurrency #cryptoprices
📊 Alpha Breakdown:
Ethereum Layer-2 TVL fell back to $5billion, matching 2023 lows and erasing most of 2024’s growth. Optimism, Base and Arbitrum still dominate, holding 96% of the value. Leadership churn at the Ethereum Foundation and waning institutional interest contributed to the slide, while TVL on ZK-rollups remains negligible. The decline also pressures L2 token prices and raises questions about scaling incentives....
🔗 Full Breakdown on YourWeb3Guy:
https://www.yourweb3guy.com/news/ethereum-l2-tvl-slides-to-5b-hitting-two-year-low
#cryptonews #cryptocurrency #cryptoprices