Ethereum L2 TVL Crashes: Linea Down 97.7%, Arbitrum Loses 62.9%

Ethereum's rollup-centric scaling thesis is showing structural stress in the numbers. A fresh TVL snapshot across the six major L2 ecosystems shows a synchronized, deeply uneven decline: Base $5.38B → $4.31B (−19.9%), Arbitrum $4.07B → $1.51B (−62.9%), Optimism $415M → $342M (−17.6%), Linea $1.53B…