Ethereum Layer 2 Networks Suffer 90% Decline in Locked Value

Ethereum Layer 2 networks have seen a significant decline in locked value, losing nearly 90% of their previously high levels.

The Pluang financial application has reported this trend, which affects various assets and derivatives tied to Ethereum's L2 networks. According to the data, the drop in locked value is substantial, indicating a major shift in investor confidence or strategy regarding these networks.

The specific details of the lost value are not provided, but it's clear that the decline has been pronounced across multiple Ethereum Layer 2 networks.