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Ethereum Layer 2 TVL Falls To Two Year LowEthereum $ETH Layer 2 networks held about $5 billion in total value locked as of July 26, their lowest level since 2023.The decline erases much of the growth seen during the Layer 2 expansion in 2024. Optimism, Base, and Arbitrum still dominate the sector with roughly 96% of total TVL.The retreat coincides with leadership changes at the Ethereum Foundation. Institutional blockchain activity has also expanded beyond Ethereum.Source: The Block ...