As ether’s price rose in April, so did the total value locked (TVL) of Ethereum layer 2, or companion, networks, reaching $10 billion on April 14, its highest level yet. TVL has subsequently declined amid a swoon in crypto prices but remains at around $9.29 billion, more than double where it stood at the start of the year, data from layer 2 analytics site L2Beat shows.
Source: https://www.coindesk.com/markets/2023/04/24/ethereum-layer-2-networks-total-value-locked-hovers-at-near-record-high-data-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines