L2 network Mode, built on OP Stack, will release governance token MODE on May 7. The total supply of the token is 10 billion, of which 5.5% is dedicated to the first of two user airdrops. The second airdrop will run from May 5 to September 6, during which 500 million tokens will be distributed. 38% of MODE's supply will be allocated to investors and core contributors, 27% to the foundation's treasury, and the remaining 35% to end-users and developers. Since its launch in January, Mode has accumulated over $500 million TVL from 450,000 wallets.

According to a report by Brazil's Inter, Ethereum's recent Dencun upgrade introduced "Blob," which increased network scalability of the second layer (L2) blockchain by more than 11 times. Blob is the space within Ethereum blocks that is dedicated to receiving data from L2 chains such as Arbitrum, Optimism, and Base.

BOB, a Bitcoin L2 network, announced on X platform that its TVL has exceeded $87 million. Earlier news stated that BOB (Build on Bitcoin) announced the completion of a $10 million seed round of financing.

According to L2BEAT data , the total locked amount of Ethereum Layer2 network is currently $36.61 billion, with a 7-day increase of 4.16%. The top five locked amounts are: Arbitrum One ($16.28 billion, 7-day increase of 10.13%); OP Mainnet ($7.76 billion, 7-day decrease of 3.21%); Blast ($2.43 billion, 7-day decrease of 5.86%); Base ($2.02 billion, 7-day increase of 42.37%); and Manta Pacific ($1.95 billion, 7-day decrease of 5.1%).

On March 24th, Chainlink posted on X platform that after the completion of the Ethereum Dencun upgrade, the gas cost of L2 rollups (such as Arbitrum, Base, and Optimism) for publishing Chainlink oracle reports has decreased by 99%.

According to L2BEAT data, the current total value locked (TVL) in Ethereum Layer2 is $36.38 billion, with a 7-day decrease of 2.23%. The top five locked values are:

Decentralized exchange Uniswap has released a research report on the advantages of Uniswap trading on Layer 2 networks. The research shows that 97.5% of trades under $125,000 perform better on Layer 2 networks than on Ethereum. The concentration of liquidity on Layer 2 networks is also 75% higher than on Ethereum, thus improving the capital efficiency of liquidity providers. Due to lower transaction costs, liquidity providers can rebalance their Uniswap positions more frequently. On average, liquidity providers operating across the full price range on Layer 2 enjoy arbitrage profits about 20% higher than on the mainnet. These research data were obtained before the Dencun hard fork, suggesting that efficiency will be even higher with the introduction of blob transactions.

In the ever-evolving landscape of blockchain and cryptocurrency, ZKBase has taken a significant leap forward with the introduction of ZKSwap(Bitcoin) V0.1 Testnet on March 11, 2024.

Layer 2 blockchain network Arbitrum plans to unlock $2.32 billion worth of ARB tokens on March 16th. According to digital asset tracker Token Unlocks, this cliff unlock is expected to release approximately 1.1 billion ARB tokens, accounting for about 76% of the circulating supply of the token. <br>

The full-chain L2 Parallel Network announced a partnership with the pledge protocol Stader Labs to introduce ETHx deposits and liquidity pledges into the Parallel Network. By providing ETHx to Parallel, users can benefit from earning native revenue from Parallel, Parallel points, ETH pledge rewards, and additional Stader incentives.