Layer 2 Report | Q2 2024: Address Growth, Transactions, and Money Flow

I. Addresses

1. Total Unique Addresses by Chain

Optimism leads the pack in Q2 2024 with 149.6 million unique addresses. Following behind are Base with 84.7 million and Arbitrum with 33.2 million addresses.

2. Daily New Unique Addresses Created by Chain

Base, Optimism, and Arbitrum were the top three chains for the constant creation of new unique addresses throughout Q2 2024. Notably, Base experienced a spike on June 1, with 1 million new addresses created in just one day.

Growth of New Unique Addresses in Q2 2024:

– Highest growth rate: Blast (+175%) and Mantle (+160%)
– Chain with the highest number of new addresses: Base (+16M)

II. Transactions

1. Daily Transactions

opBNB, Base, and Arbitrum led the way in daily transactions throughout Q2 2024, with the following daily averages:

– opBNB: 4.7 million transactions
– Base: 2.6 million transactions
– Arbitrum: 1.9 million transactions

2. Growth of Total Transactions in Q2 2024

Blast saw an outstanding 484% growth in total transactions, followed by Base at 166% and Scroll at 89%.

3. Total Transactions

opBNB dominated with over 429 million transactions made on the chain throughout Q2 2024.

III. Money Flow

1. TVL by Chain

The top four Layer 2 chains with the highest Total Value Locked (TVL) in Q2 2024 were:

– Arbitrum
– Base
– Blast
– Linea

2. TVL Growth

Among these, Scroll and Linea exhibited the most remarkable growth. Scroll’s TVL increased by 6.7x, while Linea’s grew by 5.6x compared to the beginning of the quarter.

3. Net Flow

Total Net Flow across Layer 2 platforms in Q2 2024 showed zkSync with a positive net flow of $872 million, while Optimism experienced a net outflow of $1,441 million.

This comprehensive Q2 2024 report highlights significant growth and activity within Layer 2 platforms, indicating robust expansion and adoption across the sector.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.