diff --git a/.changeset/warm-melons-argue.md b/.changeset/warm-melons-argue.md
new file mode 100644
index 00000000000..adfcd8d367f
--- /dev/null
+++ b/.changeset/warm-melons-argue.md
@@ -0,0 +1,55 @@
+---
+'@graphql-hive/core': minor
+'@graphql-hive/yoga': minor
+'@graphql-hive/apollo': minor
+---
+
+Add Layer 2 (L2) cache support for persisted documents.
+
+This feature adds a second layer of caching between the in-memory cache (L1) and the CDN for persisted documents. This is particularly useful for:
+
+- **Serverless environments**: Where in-memory cache is lost between invocations
+- **Multi-instance deployments**: To share cached documents across server instances
+- **Reducing CDN calls**: By caching documents in Redis or similar external caches
+
+The lookup flow is: L1 (memory) -> L2 (Redis/external) -> CDN
+
+**Example with GraphQL Yoga:**
+
+```typescript
+import { createYoga } from 'graphql-yoga'
+import { useHive } from '@graphql-hive/yoga'
+import { createClient } from 'redis'
+
+const redis = createClient({ url: 'redis://localhost:6379' })
+await redis.connect()
+
+const yoga = createYoga({
+  plugins: [
+    useHive({
+      experimental__persistedDocuments: {
+        cdn: {
+          endpoint: 'https://cdn.graphql-hive.com/artifacts/v1/<target_id>',
+          accessToken: '<cdn_access_token>'
+        },
+        layer2Cache: {
+          cache: {
+            get: (key) => redis.get(`hive:pd:${key}`),
+            set: (key, value, opts) =>
+              redis.set(`hive:pd:${key}`, value, opts?.ttl ? { EX: opts.ttl } : {})
+          },
+          ttlSeconds: 3600,        // 1 hour for found documents
+          notFoundTtlSeconds: 60   // 1 minute for not-found (negative caching)
+        }
+      }
+    })
+  ]
+})
+```
+
+**Features:**
+- Configurable TTL for found documents (`ttlSeconds`)
+- Configurable TTL for negative caching (`notFoundTtlSeconds`)
+- Graceful fallback to CDN if L2 cache fails
+- Support for `waitUntil` in serverless environments
+- Apollo Server integration auto-uses context cache if available
diff --git a/packages/libraries/apollo/src/index.ts b/packages/libraries/apollo/src/index.ts
index 45085471a2a..ca6e76653d3 100644
--- a/packages/libraries/apollo/src/index.ts
+++ b/packages/libraries/apollo/src/index.ts
@@ -193,13 +193,16 @@ export function createHive(clientOrOptions: HivePluginOptions, ctx?: GraphQLServ
     experimental__persistedDocuments: clientOrOptions.experimental__persistedDocuments
       ? {
           ...clientOrOptions.experimental__persistedDocuments,
-          layer2Cache:
-            persistedDocumentsCache || clientOrOptions.experimental__persistedDocuments.layer2Cache
-              ? {
-                  cache: persistedDocumentsCache!,
-                  ...(clientOrOptions.experimental__persistedDocuments.layer2Cache || {}),
-                }
-              : undefined,
+          layer2Cache: (() => {
+            const userL2Config = clientOrOptions.experimental__persistedDocuments?.layer2Cache;
+            if (persistedDocumentsCache) {
+              return {
+                cache: persistedDocumentsCache,
+                ...(userL2Config || {}),
+              };
+            }
+            return userL2Config;
+          })(),
         }
       : undefined,
   });
@@ -312,8 +315,13 @@ export function useHive(clientOrOptions: HiveClient | HivePluginOptions): Apollo
           ) {
             persistedDocumentHash = context.request.http.body.documentId;
             try {
+              // Pass waitUntil from context if available for serverless environments
+              const contextValue = isLegacyV3
+                ? (context as any).context
+                : (context as any).contextValue;
               const document = await hive.experimental__persistedDocuments.resolve(
                 context.request.http.body.documentId,
+                { waitUntil: contextValue?.waitUntil },
               );
 
               if (document) {
diff --git a/packages/libraries/core/src/client/persisted-documents.ts b/packages/libraries/core/src/client/persisted-documents.ts
index 16492f0bdfa..98d2fb1e2ae 100644
--- a/packages/libraries/core/src/client/persisted-documents.ts
+++ b/packages/libraries/core/src/client/persisted-documents.ts
@@ -112,10 +112,27 @@ export function createPersistedDocuments(
 
   // L2
   const layer2Cache: PersistedDocumentsCache | undefined = config.layer2Cache?.cache;
-  const layer2TtlSeconds = config.layer2Cache?.ttlSeconds;
-  const layer2NotFoundTtlSeconds = config.layer2Cache?.notFoundTtlSeconds ?? 60;
+  let layer2TtlSeconds = config.layer2Cache?.ttlSeconds;
+  let layer2NotFoundTtlSeconds: number | undefined = config.layer2Cache?.notFoundTtlSeconds ?? 60;
+  const layer2KeyPrefix = config.layer2Cache?.keyPrefix ?? '';
   const layer2WaitUntil = config.layer2Cache?.waitUntil;
 
+  // Validate L2 cache options
+  if (layer2TtlSeconds !== undefined && layer2TtlSeconds < 0) {
+    config.logger.warn(
+      'Negative ttlSeconds (%d) provided for L2 cache; treating as no expiration',
+      layer2TtlSeconds,
+    );
+    layer2TtlSeconds = undefined;
+  }
+  if (layer2NotFoundTtlSeconds !== undefined && layer2NotFoundTtlSeconds < 0) {
+    config.logger.warn(
+      'Negative notFoundTtlSeconds (%d) provided for L2 cache; treating as no expiration',
+      layer2NotFoundTtlSeconds,
+    );
+    layer2NotFoundTtlSeconds = undefined;
+  }
+
   let allowArbitraryDocuments: (context: { headers?: HeadersObject }) => PromiseOrValue<boolean>;
 
   if (typeof config.allowArbitraryDocuments === 'boolean') {
@@ -178,7 +195,7 @@ export function createPersistedDocuments(
 
     let cached: string | typeof PERSISTED_DOCUMENT_NOT_FOUND | null;
     try {
-      cached = await layer2Cache.get(documentId);
+      cached = await layer2Cache.get(layer2KeyPrefix + documentId);
     } catch (error) {
       // L2 cache failure should not break the request
       config.logger.warn('L2 cache get failed for document %s: %O', documentId, error);
@@ -220,7 +237,11 @@ export function createPersistedDocuments(
     const ttl = value === null ? layer2NotFoundTtlSeconds : layer2TtlSeconds;
 
     // Fire-and-forget. don't await, don't block
-    const setPromise = layer2Cache.set(documentId, cacheValue, ttl ? { ttl } : undefined);
+    const setPromise = layer2Cache.set(
+      layer2KeyPrefix + documentId,
+      cacheValue,
+      ttl ? { ttl } : undefined,
+    );
     if (setPromise) {
       const handledPromise: Promise<void> = Promise.resolve(setPromise).then(
         () => {
diff --git a/packages/libraries/core/src/client/types.ts b/packages/libraries/core/src/client/types.ts
index eb4a97b936b..13b515c7231 100644
--- a/packages/libraries/core/src/client/types.ts
+++ b/packages/libraries/core/src/client/types.ts
@@ -378,6 +378,12 @@ export type Layer2CacheConfiguration = {
    */
   notFoundTtlSeconds?: number;
 
+  /**
+   * Key prefix for cached persisted documents.
+   * @default "" (no prefix)
+   */
+  keyPrefix?: string;
+
   /**
    * Optional function to register background work in serverless environments if not available in context.
    */