This is Ethereum’s Layer 2 protocol that surpasses the $1 billion TVL mark.

Spiral, ZK Pack's Layer 2 network is up 23% in the last seven days.

Meanwhile, the total value locked for all Ethereum Layer 2s increased 12.04% last week to reach $42.04 billion.

Scroll reached 1 billion dollars TVL

Scroll has become the 8th Ethereum Layer 2 network to surpass $1 billion TVL. Of this total value, ETH accounts for 87.29%, stablecoins account for 11.11% and other assets account for 1.60%.

The network has continuously garnered attention since its launch in October 2023. The latest, Scroll Canvas, allows users to collect and display achievements, rank, and on-chain credentials within the ecosystem.

Another initiative, ‘Part One', promotes liquidity by awarding points to Diffie users who provide liquidity on decentralized exchanges such as Ambient and Nuri. In addition, users can earn scroll marks by depositing assets in lending protocols such as Aave.

Scrolling, though, does not have its own token among the top chains in DeFi by Total Value Locked (TVL). According to CoinGecko, tokens on Scroll, mostly in packaged format, have increased in value.

Wrapped stETH (WSTETH) is leading in trading volume, up 10% in the past week. Following closely behind are the Bridged Dollar Coin (scroll) and the Bridged Scroll Ether (scroll).

Meanwhile, participants are encouraged to connect ETH and wstETH through native bridge and STONE using LayerZero to scroll. No additional transactions or activities are required to qualify for Session Zero. This streamlined approach makes it easier for users to benefit from the network's rewards.

ETH Layer 2 network activity increases

Over the past week, Ethereum Layer 2 networks have experienced a 12.04 percent increase in activity overall. Arbitrum One led the pack with $16.85 billion in TVL, up 11.91% for the week.

Base at $6.87 billion, down 7.53%, while OP Mainnet accounted for $6.42 billion, up 16.55%. The explosion has $2.67 billion, up 10.33 percent over the same period. Mantle grew 15.07 percent to $1.24 billion.