THE ETA L2 TVL FELL TO TWO YEARS LOW, AND THE ECO-DYNAMICS SUBSIDED

On 29 July, the value of the Ether Layer2 eco-total lockdown (TVL) fell to about $5 billion, reaching its lowest level since 2023, largely eliminating the scale of funds accumulated during the rapid ecological growth of L2 in 2024. The data show that the current three main networks, Optimism, Base and Arbitrum, combined, are about $4.8 billion, or 96 per cent of the entire L2 ecology. It was reported that the ecological cooling of L2 coincided with the overall challenges of the Ether Mill. Since the beginning of the year, the ETA Foundation has separated senior managers and made staff adjustments. At the same time, traditional financial institutions, while exploring block-chain infrastructure, are increasingly looking at alternatives outside the Taicha. For example, DTCC is promoting the monetization of national debt based on a multi-chain environment, and Morgan Chase has extended JPM Coin to multiple public chains. However, the currency of stability remains an important support for the ecology of the Taipei, where USDC and USDT continue to play an important role as a bridge between traditional financial access to the encrypted market, mainly through settlement through the Taipei and its L2 network。