<\/p>\n
The total value locked in Ethereum Layer 2s is at new all-time highs following explosive growth from networks within the Optimism ecosystem.<\/p>\n
On Dec. 28, the value of assets bridged onto L2s posted a record total value locked (TVL) of $20.2B, according to L2beat. The milestone was driven by surging adoption of chains building on Optimism\u2019s OP Stack chains, with Manta Pacific rocketing 173% in seven days to tag $363M,\u00a0Metis Andromeda<\/a>\u00a0surging 146% at $632M, and OP Mainnet gaining 22% at $6.07B.<\/p>\n The impressive performance of Optimism\u2019s Stack ecosystem has pushed Arbitrum\u2019s TVL dominance over the L2 sector below 50% for the first time in more than two years. The combined network TVL of Layer 2s is up 83% in ten weeks.<\/p>\n The price of Optimism\u2019s OP token is also rallying, with OP doubling over the past 30 days including a 35% gain in the past week, according to CoinGecko. METIS is up a whopping 168% over the same period, while Mantle\u2019s MNT token is also up 11.4%.<\/p>\n Manta\u2019s growth has been propelled by airdrop opportunists, with the project set to reward early users with an airdrop next month.<\/p>\n Optimism launched the open-source OP Stack alongside its\u00a0Bedrock upgrade<\/a>\u00a0in June, allowing anyone to permissionlessly build their own Layer 2 networks leveraging on top of the tech stack. Optimism plans to unify OP Stack-based chains into a symbiotic ecosystem dubbed the \u201cSuperchain\u201d in the future.<\/p>\n Six months later, chains leveraging the new OP Stack or older OVM codebase now account for five of the eight-largest L2 networks by TVL. The OP Mainnet, Base, Metis, Manta, and Mantle boast a combined network TVL of nearly $8B, meaning the Optimism ecosystem commands a 39.5% dominance over the combined Layer 2 TVL.<\/p>\n However, in October, Manta\u00a0announced<\/a>\u00a0plans to drop the OP Stack in favor of Polygon\u2019s Chain Development Kit (CDK) in the future.<\/p>\n On-chain activity for Mantle has also skyrocketed, with the network currently topping the L2 leaderboard by throughput. Mantle processed\u00a025.5<\/a>\u00a0transactions per second (TPS) on average over the past 24 hours \u2014 nearly double that of the Ethereum mainnet \u2014 driven by rampant activity surrounding its recently deployed\u00a0inscriptions<\/a>\u00a0protocol.<\/p>\n <\/p>\n Investors appear to be hedging their bets across Ethereum\u2019s Layer 2 ecosystem<\/p>\n MATIC, the Polygon network token, is up 21% in seven days, briefly surpassing a $10B market cap on Dec. 28. Arbitrum\u2019s ARB token is also up 26% for the week, while Loopring (LRC) rallied 17.4%.<\/p>\nSuperchain<\/h2>\n
L2 tokens soar<\/h2>\n