Image = L2BEAT Capture

According to the blockchain data statistics site L2BEAT, as of 16:23 on the 22nd, the total value locked (TVL) in Ethereum (ETH)’s Layer 2 network recorded $46.25 billion, approximately 67 trillion won, a decrease of 12.4% compared to the previous week.

During the same period, the amount of Ethereum deposited increased by 3.02%, but the dollar-denominated deposit size decreased due to the decline in Ethereum prices.

Notably, Arbitrum One’s TVL was $19.15 billion, ranking first in market share among the entire Layer 2 network. It was followed by Coinbase Base at $12.8 billion, Optimism (OP) at $7.14 billion, and Blast at $1.23 billion.

Layer 2 refers to a network that implements a separate device to process data outside the blockchain, reducing fees and increasing processing speed.