The ecosystem claims it's built for speed, security, low fees, and memes. It's raised almost $8 million for the presale of its PEPU token.

Ethereum’s chief scientist also called on Layer 2 developers to prioritize cross-L2 interoperability and improving decentralization.

Bitlayer accounts for 31% of all total value locked (TVL), versus Merlin’s 16%.

Polyhedra’s Proof Cloud comprises a ZK prover marketplace and benchmarking platform for L2 developers.

The project introduces the Hemi Virtual Machine and leverages Proof-of-Proof consensus to inherit security from Bitcoin.

Activity on Coinbase’s Layer 2 network has spiked since the company introduced points into its “Onchain Summer” campaign.

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.