Since 2022 Q1, with the increase of uncertainty in the external environment of the crypto circle, the market value of the crypto industry has generally declined, and the total lock-up volume of DeFi has declined.
As of March 31, the total TVL of the DeFi sector closed at $181.75 billion, down 16.4% from Q4 2021. Compared with the overall decline in DeFi lock-up volume, Layer 2 showed a trend of rising against the trend in Q1.
Layer 2 total TVL increased from $5.77 billion to $7.31 billion, an increase of 26.6%. The report believes that the rapid growth of Layer 2 is closely related to the influx of capital and the adjustment of the technical solutions behind it.