<ul><li>The cumulative total value locked (TVL) in Ethereum layer-2 (L2) networks has surpassed $51.5 billion, setting a new record.</li><li>Total TVL has increased by more than 205% from $16.6 billion in November 2023.</li><li>The increase to more than $51 billion TVL was mainly caused by Arbitrum One and Base.</li><li>Arbitrum, the dominant L2, has 35% of the entire TVL in the L2 ecosystem, which is valued at about $18.3 billion.</li></ul>

Ethereum L2s TVL Hits Record $51.5 Billion Amid Overall Market Surge

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