Ethereum Dencun upgrade, which took place in March, has led to an unexpected surge in transaction failures across layer-2 networks.
Presently, there are 46 Ethereum L2 solutions, collectively locking in $39 billion in value, with Arbirtum leading the pack at $18 billion.
Avalanche creator, Emin Gün Sirer, shared concerns revolving around the lax procedures governing the launch of L2 solutions.
Ethereum Layer-2 scaling solution Starknet has seen its Total Value Locked (TVL) soaring as high as $1.32 billion post token launch
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