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Ethereum L2 ecosystem loses momentum as TVL drops to two-year low

Source: The Block
Ethereum L2 ecosystem loses momentum as TVL drops to two-year low

Total value locked in Ethereum Layer 2s has slid back to roughly $5 billion, a level last seen in 2023.

CoinMagnetic

CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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