Ethereum's Layer 2 Total Assets Under Management Shrinks to $5 Billion

2026/07/29 11:14 (Updated 2026/07/29 13:01)
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Written by Enzo
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Ethereum's Layer 2 Total Assets Under Management Shrinks to $5 Billion

TVL Reduction and Headwinds for Ethereum

TVL Reduction and Headwinds for Ethereum

The total value locked (TVL) in Ethereum's Layer 2 (L2) networks has shrunk to approximately $5 billion, dropping to levels not seen since 2023, according to a data newsletter excerpt reported by The Block on the 28th. This represents a significant loss of the gains made in 2024 when major L2 solutions like Optimism, Arbitrum, and ZKsync were launched.

Optimistic rollups...

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Iolite Vol.21

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MAGAZINE

Iolite Vol.21

September 2026 issueReleased on 2026/07/30
Interview Richard Teng, Co-CEO, Binance Taisuke Isono, Head of Nikko Open Innovation Lab & DeFi Technology Department, SMBC Nikko Securities Inc. Hiroshi Kamiwaki, Director & Head of Crypto Asset Finance Business, Fintertech Co., Ltd. PHOTO & INTERVIEW Yusaku Nakano Feature Story: "Survival Strategies for Crypto Exchanges — The New Order Post-FIEA Transition" Interview Tomoyuki Isaka, President & Representative Director, CEO, Coincheck, Inc. Takaaki Fujiwara, Executive Vice President & Director, Mercury Inc. [Dialogue Series] The NISHI Talk: Crypto Conversations "Social Implementation Beyond Merely Holding Bitcoin" Kasou NISHI × Rintaro Kawai, President & Representative Director, ANAP HOLDINGS Co., Ltd. Series: Tech and Future Toshinao Sasaki ...and more