🚀 DeFi is dominating Layer 2 (L2) chains, with decentralized exchanges (DEX) and lending services leading the charge in 2024! Stablecoins are the backbone, providing essential liquidity. Mantle and Base are key players, allocating significant block space to DeFi activities. 🌐

Ethereum remains the king, driving $1 billion net inflows into L2 ecosystems. Despite fragmentation, platforms like Polygon and Arbitrum are making strides in cross-chain activities. The total DeFi value has surged past $103 billion, showcasing the sector's resilience and growth. The future looks bright for DeFi and L2 chains! #Crypto #Blockchain #DeFi