Ethereum has been showing increasing signs of strength and investor confidence that could fuel a significant price breakout in the coming weeks. Several key metrics point to growing adoption of Ethereum and its layer-2 scaling solutions for DeFi, as well as a shift towards long-term holding by major investors.
TLDR
Ethereum’s layer-2 ecosystem has seen its total value locked (TVL) surge over 9% in the past week to reach an all-time high around $29.42 billion. Arbitrum leads with the largest share at 45% of total layer-2 TVL.
