The Ethereum Layer 2 (L2) total value locked (TVL) has hit a two-year low, dropping to $33.77 billion.
This decline is attributed to a significant adjustment of around $7 billion in RAIN's TVL, which led to a reduction in overall L2 liquidity.
A rush to Robinhood Chain also contributed to the decline in TVL, as users transferred their assets to this platform.
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