According to Wu Blockchain, data from CryptoRank shows that the total market cap of Layer 2 tokens has rebounded to $11.5 billion, nearing the $12 billion level from January this year. Previously, the market cap of this sector dropped to an annual low of around $7 billion at the end of July, then bounced back by 65% in less than two months, though it still remains below the level at the start of the year.