Leon Waidmann, head of research at Onchain Foundation, an on-chain analytics platform, has released data showing that the Ethereum Layer2 ecosystem is gaining momentum, with hedging reaching a record high of 14.65 million ETH. Waidmann emphasized that this growth is not only reflected in the value of the dollar, but also that the hedging volume of ETH itself continues to climb, reflecting the rapid expansion of the Ethereum ecosystem.