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Ethereum L2 Grows to $10B While 61% of Holders Stay in Profit

Author: Content Editor
The Ethereum Layer 2 (L2) ecosystem has experienced significant growth, with over $10 billion now locked in L2 solutions, surpassing Solana's $4 billion. This growth is expected to impact Ethereum's price as L2 adoption increases. The number of active addresses in Ethereum's L2 has reached an all-time high of 10 million, showing a 35.23% increase in the past week. Additionally, there is growing interconnectivity between Layer 2 networks, with 550,989 addresses active across multiple chains. This data indicates that L2 solutions are driving Ethereum's utility and wider adoption of Web3 technologies. Furthermore, 61% of Ether holders are currently in profit, demonstrating the resilience of Ethereum compared to previous market cycles. An Ethereum whale who had remained inactive for over eight years recently moved their assets, transferring 16,636 ETH to their new address.

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