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The Nexus
TECHNOLOGYJul 28 · 18:21 UTCTHE BLOCKIvan Wu and Bryan Samsoedin

Ethereum L2 ecosystem loses momentum as TVL drops to two-year low

The Ethereum Layer 2 ecosystem has seen a decline in Total Value Locked (TVL), dropping to $5 billion, a level last observed in 2023, indicating a loss of momentum.

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