Ethereum L2s surpass record $51B TVL after 205% yearly growth


$ 108,796.8
€ 92,455.5
¥ 38,800.0
£ 79,688.9
BTC
-0.58 %
$ 2,542.44
€ 2,160.26
¥ 906.69
£ 1,861.79
ETH
-1.80 %
$ 322.66
€ 274.17
¥ 115.11
£ 236.34
XMR
0.46 %
$ 87.54
€ 74.36
¥ 31.22
£ 63.91
LTC
-3.63 %

Layer 2s could be “cannibalistic” for Ether’s price potential, despite their scalability benefits, according to industry watchers.