Layer 2 networks hit $13 billion TVL but challenges still remain

Ethereum Layer 2 networks reached a new milestone on November 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of user experience and security.

Ethereum layer 2 TVL. Source: L2Beat.

According to L2Beat, there are 32 different networks that qualify as Ethereum layer 2s, including Arbitrum One, Optimism, Base, Polygon zkEVM, Metis, and others. Prior to June 15, all of these networks combined had less than $10 billion of cryptocurrency locked within…

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