X Layer Network TVL Soars Past $88 Million, Signaling Potential but Short-Term Volatility

On August 18th, data from L2Beat revealed that X Layer’s total value locked (TVL) reached a new all-time high of $88 million before retracting slightly. This surge represents a significant jump of over 100% in just one week, reflecting strong adoption and increased activity on the platform’s Layer 2 solution. However, the short-term volatility suggests that this success might be driven by speculative trading rather than sustained market growth. Further evidence will need to be seen if this momentum becomes a structural shift or merely a temporary fluctuation.