Layer 2 Solutions Propel Mass Adoption With Significant Growth
Layer 2 solutions continue to experience robust growth, playing a crucial role in driving mass adoption. On-chain metrics reveal increasing user traction, underscoring the potential of L2 networks. The number of transactions on leading Layer 2 networks—Arbitrum, Base, and Optimism—has quadrupled this year. This growth saw a significant boost in Q2, following the implementation of EIP-4844 in March, which slashed transaction fees by over 90%. https://twitter.com/intotheblock/status/1807066747385598052?t=hKY-GO53NqYnlVyeM8kiew&s=19 Base Has Now Surpassed Arbitrum, Its Long-time Leader A recent report highlights that BASE has officially become the most used Ethereum L2, surpassing the long-time leader, Arbitrum. The Coinbase Chain has emerged as the top Ethereum Layer 2 network, reflecting a shift in user preference and network efficiency. Current transaction data provides a clear picture of this trend: - Base: 3.5 million daily transactions, marking a 60% increase in the last 30 days. - […]