Ten Layer 2 Networks Shut Down in 2026 as Rollup Expansion Outpaced Demand
- —Blast peaked above $2.2 billion in TVL in June 2024 but billed just $1,793 in monthly revenue
- —Abstract processed over 325 million transactions yet accumulated tens of millions in losses
- —About ten L2 networks shut down in 2026, with combined peak TVL near $3.6 billion
- —Manta, Scroll and Zora posted negative daily revenue, while Sophon and LightLink neared zero
Why it matters: The L2 consolidation forces users of shuttered networks to withdraw funds under tight deadlines, absorbing bridge and exit costs.
Source: Crypto Economy