Ethereum: L2 data fees reaches ATH, how the spoils were shared

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The second-largest blockchain has begun reaping the fruits of underlying projects under its Mainnet. However, only one section has proven to be effectual.

This decline has also extended to its Total Value Locked performance.

Although DefiLlama showed that theThe TVL is widely used as a liquidity pool for smart contract lending and staking in a blockchain node. When the metric increases, it means that a protocol’s health is superb. But when it decreases, it opens up threats to the protocol and serves as an indicator of starved liquidity.

 

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