The total value locked (TVL) in Ethereum Layer 2 (L2) ecosystems has dropped to $43.29 billion, a 1.97% decline over the past week. This indicates increased volatility in the DeFi sector and reflects wider market trends affecting Ethereum's L2 scaling solutions. The top five L2s by TVL are Arbitrum One ($16.29 billion), Base ($1.396 billion), OP Mainnet ($6.41 billion), ZKzync Era ($1.16 billion), and Starknet ($878 million). Despite the dip in L2 TVL, Ethereum is currently trading at $3,267.73, with a 0.92% increase in the past 24 hours. This short-term dip may be mitigated by positive market developments and macroeconomic conditions.



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