Ethereum Layer-2 Solutions Drive Record TVL as Dencun Upgrade Delivers Efficiency Gains
June 27, 2026 — Ethereum’s ecosystem continues its dominance in decentralized finance, with total value locked across Layer-2 networks exceeding $120 billion following the successful Dencun upgrade. Lower gas fees and faster finality have attracted new DeFi protocols and gaming projects.
Optimism, Arbitrum, and Base chains reported combined daily active users surpassing 2 million. Developers praise the blob transactions feature for dramatically reducing costs. “Ethereum is finally delivering on its scalability promises,” commented Vitalik Buterin in a recent AMA.
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