As of November 12, the total locked value in Ethereum Layer 2 networks has exceeded $5 billion, reaching $5.21 billion, according to data from L2BEAT.

Leading the pack is Arbitrum, the largest Layer 2 expansion plan, which boasts approximately $2.86 billion locked in, accounting for 54.96% of the total. Following closely is dYdX, with a locked amount of $967 million, representing 18.54% of the total locked value.

This significant milestone reflects the growing adoption and trust in Layer 2 solutions, enhancing Ethereum’s scalability and efficiency for users and developers alike.