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


$ 113,711.4
€ 98,380.9
¥ 38,800.0
£ 85,820.0
BTC
0.78 %
$ 3,460.07
€ 2,992.66
¥ 1,180.62
£ 2,611.33
ETH
0.04 %
$ 293.98
€ 254.27
¥ 100.24
£ 221.65
XMR
-0.23 %
$ 109.39
€ 94.65
¥ 37.33
£ 82.75
LTC
1.17 %

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