The Ethereum Layer 2 network is outperforming the rest of the sector, driven by its ‘Session One’ points program.

The Ethereum Layer 2’s TVL dropped to $2.1 billion from $2.5 billion a week ago.

Base and Arbitrum account for half of the TVL, active addresses, DEX volume, and transactions on Layer 2s, while roughly 10 networks account for more than 90%.

The Ethereum Layer 2 network revealed information about its Season 2 rewards structure and the future vision for the chain.

ZKsync aims to foster an interconnected ecosystem of ZK Stack-based Layer 2 rollups.

The ‘Metamorphosis’ campaign rewards stakers with Powder, which will be convertible to COOK, Mantle LSP’s future governance token.

‘Session One’ awards liquidity providers on DEXs and lending protocols with Scroll Marks.

The Ethereum scaling solution boasts $1.65 billion in TVL but is one of the most controversial products in DeFi.

Ethereans argue that ZK Compression is little more than a Layer 2.

Bitcoin Layer 2 networks and sidechains are attracting large inflows amid an uptick in activity.