The total value locked (TVL) in Ethereum Layer 2 networks has reached $38.87 billion, marking an 8.26% increase over the past seven days.

Arbitrum One leads the pack with a TVL of $15.84 billion, experiencing a 7% rise within the week. Following closely is Base, which has seen its TVL grow to $6.54 billion, a 6.3% increase. OP Mainnet also reported a significant uptick, with its TVL reaching $6.13 billion, up by 11.22%.