According to L2BEAT's data analysis, the total locked value on Ethereum Layer2 networks experienced a decline over the past week, with the current total locked value being $38.64 billion. This figure represents a drop of 10.38% over the last 7 days, showcasing market volatility. Among these, Arbitrum One leads with a total locked value of $15.65 billion and a 7-day decrease of 8.65%. Base follows closely with a total locked value of $6.45 billion and a decrease of 9.51%. OP Mainnet holds the third position with a total locked value of $5.79 billion, experiencing a decrease of 10.75% over the same period. Blast is in fourth place with a total locked value of $2.02 billion and a decrease of 12.39%, while Mantle, with a total locked value of $1.23 billion and a decrease of 6.51% over the last 7 days, completes the list. Overall, there is a noticeable decline in the total locked value on Ethereum Layer2 networks, which might be attributed to changes in market conditions or investor strategies.