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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 […]

Will Izuchukwu July 10, 2024

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Optimism Leads The Pack In Layer 2 Crypto Development Activity

Recent data from Santiment feed sheds light on the top Layer 2 cryptocurrencies by development activity, providing valuable insights into the bustling ecosystem of blockchain projects. The list, compiled by analyzing non-redundant GitHub activity of each project and averaging their daily activity over the past 30 days, showcases Optimism as the frontrunner in this domain. Optimism, denoted by the ticker symbol $OP, emerges as the clear leader, boasting a remarkable 146% more activity per day compared to its closest competitor. This surge in development activity underscores Optimism's dedication to advancing blockchain technology and enhancing its platform's capabilities. Following Optimism, other notable projects in the list include Starknet ($STRK), Arbitrum ($ARB), Cartesi Project ($CTSI), Immutable ($IMX), Skale Network ($SKL), MintLayer ($ML), 0xPolygon ($MATIC), MetisDAO ($METIS), and 0xMantle ($MNT). Each of these projects contributes to the vibrant landscape of Layer 2 solutions, […]

Will Izuchukwu May 3, 2024

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