The Ethereum Layer 2 networks, Arbitrum and Starknet, have shown significant growth in both their technological advancements and financial metrics. Arbitrum's total value locked (TVL) has reached a new all-time high of $5.16 billion, showcasing its position as a leading Ethereum Layer 2 network. Starknet, on the other hand, has seen its TVL exceed $150 million, with NostraFinance, zkLend, and EkuboProtocol being the top projects by TVL on the platform. Starknet attributes its rapid community growth over the past two years to its use of Cairo for scalability, security, and the creation of decentralized applications (dApps). The network's innovative Account Abstraction and the CairoVM, optimized for STARK proofs, further bolster its capabilities. Additionally, the Starknet community is expanding, with StarkNetAfrica discussing Web3's landscape in Africa and plans for building on Starknet. Financially, Arbitrum has generated $72.8 million in revenue over the last year, with $53.2 million of that being distributed to Ethereum holders.