Layer two TVL on Ethereum achieves a new level.

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As gas fees continue to grow, the total value locked (TVL) on Ethereum layer two (L2) networks has risen to a new high, pushing even more adoption.

The total amount of value locked across various L2 protocols and networks has reached an all-time high of $5.64 billion, according to Layer 2 analytics platform L2beat.

Story by : Norvisi Mawunyegah