The Block Pro: L2 Total Lockups Up 6.4% YoY in September

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Bitget2024/10/11 13:41

On October 11, The Block Pro revealed data showing that total L2 lockups increased 6.4% YoY in September; the number of transactions on the L2 network fell 11.4%, breaking a four-month streak of growth and indicating a slowdown in user activity due to the market downturn. In addition, L2 operator revenues declined 37.1% YoY, while user transactions fell, raising concerns about the sustainability and decentralization of operator node networks.

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