Layer 2 ecosystem is entering a consolidation phase, with the number of closed networks surpassing new ones.

Gate News Report, March 19 — The Layer 2 blockchain ecosystem is currently undergoing an integration phase, with a trend showing more networks shutting down than launching new ones. This phenomenon is mainly observed in chains with a total value locked (TVL) of at least $100,000. Market tightening has led to projects lacking sufficient appeal or funding support being unable to sustain operations, ultimately choosing to shut down.
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