Tag Archives: L2 Networks

DeFi on Ethereum L2 Networks Sees Significant Growth

DeFi on Ethereum

Total value locked (TVL) in decentralized finance (DeFi) platforms built on Layer-2 networks for Ethereum (ETH) rose by a massive 964% in the first quarter compared to the same quarter last year; even as average transaction fees on Ethereum’s base layer fell by 80%. The data about the surprising growth in TVL on Layer-2 platforms […]