Layer 2 Tokens Rebound 65% From 2026 Low to $11.5 Billion: CryptoRank
- —L2 token market cap rose from $7 billion in late July to $11.5 billion by September 21
- —Sector remains roughly 4% below its January 2026 level of $12 billion
- —Standard Chartered initiated Arbitrum coverage on September 16 with a $0.50 end-2026 target
- —ARB jumped 17% on September 18 and 26% over 24 hours to $0.2212; STRK gained 18%
Why it matters: The rebound signals capital returning to Ethereum scaling infrastructure, though totals vary widely between trackers due to different token lists.
Source: The Crypto Times