The total value locked (TVL) in Ethereum layer-2 platforms is in the midst of a parabolic rise as the metric continues to print fresh all-time highs.
TVL reached a record high of more than $6.16 billion at one point over the weekend, according to layer-2 (L2) insights firm L2BEAT. Layer-2 platforms are scaling solutions that run on top of the Ethereum network to increase transactional throughput.
Total value locked in Ethereum layer-2 platforms is up more than 10% in the past week.
The primary driver of that growth has been Boba Network (BOBA), an Ethereum layer-2 scaling solution that’s seen a staggering 1,134% increase in TVL from around $75 million on November 13th to over $926 million today. The Optimistic Rollup scaling solution launched its