Privacy Protocol Deposits Climb 50% on Ethereum
Users of Ethereum privacy protocols now have an expanded ETHBEAT tracker with published value-locked and deposit figures to review.
Updated on Nov. 4, 2026 in Economic Indicators
L2BEAT, an analytics site best known for tracking Ethereum Layer 2 networks, has rebranded as ETHBEAT, with the change announced alongside Devcon 8 in Mumbai. The broader site now covers privacy, interoperability, staking, and other parts of the Ethereum ecosystem.
Why it matters
For people who hold or use assets on the Ethereum network, the rebrand signals a wider lens on the sector, including privacy protocols that hold large sums of user deposits. ETHBEAT's new scope gives households a single reference point for comparing projects on censorship resistance, openness, privacy, and security.
ETHBEAT reports $983 million in value locked across privacy protocols, a 19.1% year-on-year increase, and $3.94 billion in deposits across 16 protocols, up 50.1% year-on-year. The figures are ETHBEAT's own tracked totals and have not been independently verified in this report.
The players
ETHBEAT
An analytics platform, formerly L2BEAT, that tracks Ethereum networks and protocols, giving users a comparison point for the safety and performance of projects they may deposit funds into.
The details
ETHBEAT is the rebranded version of L2BEAT, and its analytics now cover more of the Ethereum ecosystem than Layer 2 networks alone. Its new CROPS guide scores projects on four criteria: censorship resistance, openness, privacy, and security. Value locked measures the assets committed to a protocol at a given time, while deposits capture the total amount users have placed in those protocols, so the two figures can diverge as balances move.
Timeline
2021: L2BEAT launched to track Ethereum Layer 2 metrics.
November 4, 2026: L2BEAT rebranded as ETHBEAT alongside Devcon 8 in Mumbai.
Money Landscape
L2BEAT's 2021 launch tracked a Layer 2 sector that has since expanded into privacy and staking, and ETHBEAT's broader scope reflects that growth. Users comparing where to place digital assets now have more published metrics to review than when the original tracker began.
If you use or hold assets on Ethereum networks, the expanded ETHBEAT coverage offers more published data to review before committing funds to a protocol. Decisions about moving or holding digital assets are best discussed with a qualified financial professional.
The takeaway
The rebrand shows that Ethereum tracking now reaches beyond Layer 2 networks into privacy and staking, with reported deposits in privacy protocols up 50.1% year-on-year. Readers who use these networks can check ETHBEAT's published metrics and CROPS assessments before making decisions, and can review their holdings with a qualified professional.
What happens next
ETHBEAT has said that liquid staking research is expected soon and that it plans to cover base-layer changes to Ethereum.
Further reading
For more context on how these tracked figures fit into broader measures, explore our Economic Indicators coverage.
