ChainCatcher news, according to L2BEAT data, the current total locked value of the Ethereum Layer 2 network is $38.87 billion, with a 7-day increase of 8.26%. The top five in locked value are: Arbitrum One ($15.84 billion, 7-day increase of 7%); Base ($6.54 billion, 7-day increase of 6.3%); OP Mainnet ($6.13 billion, 7-day increase of 11.22%); Blast ($1.77 billion, 7-day increase of 2.52%); Mantle ($1.26 billion, 7-day increase of 6.11%).

ChainCatcher news, according to L2BEAT data, the current total locked value of the Ethereum Layer 2 network is $36.04 billion, with a 3.34% decrease over the past seven days.The top five in locked value are: Arbitrum One ($14.78 billion, 7-day decrease of 2.34%); Base ($6.1 billion, 7-day decrease of 4.16%); OP Mainnet ($5.51 billion, 7-day decrease of 4.3%); Blast ($1.74 billion, 7-day decrease of 4.12%); Mantle ($1.19 billion, 7-day decrease of 0.16%).

ChainCatcher news, according to L2BEAT data, the current total locked value of Ethereum Layer 2 networks is $38.67 billion, down 10.03% in the last 7 days.The top five locked values are: Arbitrum One ($15.66 billion, down 8.36% in the last 7 days); Base ($6.46 billion, down 9.24% in the last 7 days); OP Mainnet ($5.79 billion, down 10.16% in the last 7 days); Blast ($2.01 billion, down 12.36% in the last 7 days); Mantle ($1.23 billion, down 5.91% in the last 7 days).

ChainCatcher news, Galaxy Research stated in a report that the vast majority of Bitcoin rollups will be unsustainable. Due to transaction fees, Bitcoin rollups require millions of dollars annually to maintain.Galaxy wrote, "Each individual data publication transaction can occupy up to 400KB (0.4MB) of block space, effectively taking up 10% of an entire block." With multiple rollups expected, data is anticipated to be published every 6 to 8 blocks, which could quickly push the base layer fees to new highs and make small transactions too expensive. Given the competition for block space, only rollups that can generate the most fee revenue and pay block fees will be able to sustain operations.Galaxy estimates that in a low-fee environment, when the average transaction cost is 10 sat/VB, rollups will incur $460,000 in monthly fees to maintain Bitcoin's security. In a high-fee environment of 50 sat/VB, when Ordinals or tokens minted through Runes or the BRC-20 standard are frequently active, monthly costs could reach $2.3 million.

ChainCatcher message, according to L2BEAT data, the current total locked value of the Ethereum Layer 2 network is $42.74 billion, down 5.76% over the past 7 days. The top five locked values are: Arbitrum One ($17 billion, down 5.21% over the past 7 days); Base ($7.08 billion, down 4.96% over the past 7 days); OP Mainnet ($6.41 billion, down 6.29% over the past 7 days); Blast ($2.29 billion, down 13.35% over the past 7 days); Scroll ($1.31 billion, up 2.53% over the past 7 days).

ChainCatcher news, ENS official announcement introduces ENS V2. It is reported that ENS Labs is planning to expand its services to Layer 2 networks, and this work will henceforth be referred to as "ENS V2." This effort involves not only migrating the core components of the ENS protocol but also reimagining the architecture from scratch, leveraging the knowledge gained over the past 7 years at the forefront of Web3 domain names.

ChainCatcher message, as OKX announces the launch of the X1 testnet in collaboration with Polygon Labs, the multi-chain explorer OKLink has announced that it is the first official browser to support X1, providing aggregated support for Ethereum Layer 2 networks. Users can conveniently query real-time data across multiple dimensions such as total transaction volume, large transactions, and average Gas price at https://www.oklink.com/cn/x1-test.Currently, OKLink provides query support for a total of 34 chains, including Polygon zkEVM, Scroll, Base, and has recently announced long-term support for data queries from Avalanche users. According to the official website, OKLink offers token authorization queries, address monitoring and analysis tools, bytecode decompilation, and various on-chain thematic statistics such as developer tools and API incentive programs, as well as a centralized institution asset ranking. It also plans to integrate more public chains and Layer 2 platforms to provide leading and efficient on-chain data services for global Web3 users.

ChainCatcher news, according to data from IntoTheBlock, Ethereum network fees have decreased by 9% week-on-week, amounting to approximately $21 million, the lowest level in 9 months.Additionally, data from Ultrasound.money shows that the supply of Ethereum's native token ETH has been increasing, as the number of tokens destroyed (burned) for transaction validation is less than the number of newly issued tokens.IntoTheBlock stated in a report: "'This trend' may put some pressure on the price of Ethereum tokens, as their supply has been increasing over the past month, reversing the deflationary trend." During busy periods, the number of tokens burned by the network exceeds the number of newly issued tokens, thereby limiting supply, which is generally considered favorable for price. However, when network demand is low, the situation can reverse.Lucas Outumuro, research director at IntoTheBlock, stated that the decline in network fees is partly driven by the adoption of Layer 2 networks, a situation that may continue in the short term.

According to ChainCatcher news, data from L2BEAT shows that the total locked value of Ethereum Layer 2 networks is $9.35 billion, with a decline of 11.64% over the past 7 days. Among them, the total locked value of the Arbitrum One network is $6.21 billion, accounting for 66.44%, with a decline of 11.96% over the past 7 days; the total locked value of the Optimism network is $1.92 billion, accounting for 20.53%, with a decline of 11.86% over the past 7 days. (source link)