According to the latest data from L2BEAT, as the cryptocurrency market rises, the total locked value (TVL) of Ethereum's layer-two network has rebounded and surpassed $45 billion, currently reaching $45.14 billion, with a seven-day increase of 10.54%. The top five TVLs are:

The Stacks Foundation of the Bitcoin L2 network, Stacks, announced on X platform that Nakamoto's code writing has been completed ahead of schedule (July 15th) and is currently undergoing internal and external auditing, testing, and error correction. It is reported that the Nakamoto upgrade will separate Stacks' block production schedule from that of Bitcoin and introduce a new Stacks block production method, updating its transfer proof consensus algorithm. The Stacks Nakamoto upgrade will achieve transaction speeds of around 5-10 seconds, which is about 100 times faster than the current transaction speed.

On June 30th, Parallel Network, a full-chain L2 network, announced on X platform that the withdrawal function will be launched on July 2nd. Users can withdraw assets from Parallel L2 to the public chain, including ETH, Manta, Merlin-Chain, and Arbitrum One.

Layer N, a modular L2 protocol, announced that its testnet version 1.2 is now online.

According to L2beat data, Kara's total lock-up amount on the risk management L2 network has exceeded 100 million US dollars. At the time of writing this article, it has reached 104.02 million US dollars, reaching a historical high, with a seven-day increase of 11.31%. Karak is supported by Andalusia Labs and completed a Series A financing of $48 million last year, with Lightspeed Venture Partners leading the investment and Pantera Capital participating.

Kroma, a Layer 2 network launched by Wemade subsidiary Lightscale, has announced the launch of its native staking service Spectrum, which has gone live this week. Currently, it supports TH, stETH, and eETH staking, and has integrated with Standard Protocol, Light Bank, Layer Bank, Shoebil, Zapanki Swap, Wellxy, PrixmSwap, and iZUMi Finance protocols. The aim is to improve the liquidity of Ethereum assets through staking, and participants can also receive KSP point rewards. It is reported that these points can be exchanged for KRO tokens in the future.

L2BEAT data shows that the current Ethereum Layer2 TVL is $38.34 billion, with a 7-day decline of 2.79%. The top five TVLs are:

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.