- ETH L2s handled nearly 10x more transactions than the base layer in the last seven days.
- TVL on ETH L2s jumped 65% YTD.
Ethereum [ETH] layer-2 (L2) solutions carried on the strong momentum generated in the last year to 2024 as well.
Ethereum scales and how
According to a recent post by on-chain analytics firm IntoTheBlock, transaction volumes across leading optimistic rollups including Arbitrum [ARB], Optimism [OP] and Base have nearly doubled since the start of this year.
On expected lines, Arbitrum accounted for more than 50% of the total volume.
Source: IntoTheBlock
To get more insights, AMBCrypto examined the broader ETH L2 market, which included zero-knowledge rollups (zk-rollups) as well.
Data sourced from L2Beat showed scaling solutions processing nearly ten times as many transactions on the mainnet over the last seven days.
The average transactions per second (TPS) on the L2s consistently remained above 100 since the 25th of February, while the mainnet’s count hovered in the usual range between 12-14.
Source: L2Beat
L2 solutions witness jump in TVL
The so-called L2 solutions, built atop the base layer of Ethereum, were projected to be the answer to the scalability question.
While these chains handle the bulk of the low-value transactions, the mainnet would take care of security and decentralization, thus addressing the blockchain trilemma to a great extent.
The fundamental advantages like high throughput and low fees attracted a plethora of decentralized applications (dApps) towards L2s.
As of this writing, more than $33 billion was locked into L2 projects, implying a 12.9% increase over the week, and a 65% leap year-to-date (YTD).
Source: L2Beat
Is your portfolio green? Check out the ETH Profit Calculator
A watershed event awaits
Such numbers come at a time when the L2 proponents and the broader Ethereum ecosystem were eagerly awaiting for the Dencun Upgrade. The biggest upgrade since last year’s Shapella, Dencun was expected to bring about a whopping 10x reduction in L2 transaction fees.
If these estimates come true, the ETH L2 ecosystem might hold the vast majority of all DeFi users and apps in the near future.
- ETH L2s handled nearly 10x more transactions than the base layer in the last seven days.
- TVL on ETH L2s jumped 65% YTD.
Ethereum [ETH] layer-2 (L2) solutions carried on the strong momentum generated in the last year to 2024 as well.
Ethereum scales and how
According to a recent post by on-chain analytics firm IntoTheBlock, transaction volumes across leading optimistic rollups including Arbitrum [ARB], Optimism [OP] and Base have nearly doubled since the start of this year.
On expected lines, Arbitrum accounted for more than 50% of the total volume.
Source: IntoTheBlock
To get more insights, AMBCrypto examined the broader ETH L2 market, which included zero-knowledge rollups (zk-rollups) as well.
Data sourced from L2Beat showed scaling solutions processing nearly ten times as many transactions on the mainnet over the last seven days.
The average transactions per second (TPS) on the L2s consistently remained above 100 since the 25th of February, while the mainnet’s count hovered in the usual range between 12-14.
Source: L2Beat
L2 solutions witness jump in TVL
The so-called L2 solutions, built atop the base layer of Ethereum, were projected to be the answer to the scalability question.
While these chains handle the bulk of the low-value transactions, the mainnet would take care of security and decentralization, thus addressing the blockchain trilemma to a great extent.
The fundamental advantages like high throughput and low fees attracted a plethora of decentralized applications (dApps) towards L2s.
As of this writing, more than $33 billion was locked into L2 projects, implying a 12.9% increase over the week, and a 65% leap year-to-date (YTD).
Source: L2Beat
Is your portfolio green? Check out the ETH Profit Calculator
A watershed event awaits
Such numbers come at a time when the L2 proponents and the broader Ethereum ecosystem were eagerly awaiting for the Dencun Upgrade. The biggest upgrade since last year’s Shapella, Dencun was expected to bring about a whopping 10x reduction in L2 transaction fees.
If these estimates come true, the ETH L2 ecosystem might hold the vast majority of all DeFi users and apps in the near future.
can you buy generic clomid without a prescription order cheap clomid without prescription how to buy clomid no prescription where to get cheap clomid no prescription can you get cheap clomiphene online cost clomid for sale how to buy generic clomid pill
I’ll certainly bring back to skim more.
I couldn’t weather commenting. Well written!
zithromax ca – order sumycin 500mg without prescription flagyl 200mg cost
semaglutide 14mg cost – purchase cyproheptadine for sale buy cyproheptadine no prescription
brand motilium 10mg – buy motilium generic purchase flexeril without prescription
order amoxicillin sale – order ipratropium sale buy combivent 100mcg for sale
order azithromycin 500mg sale – nebivolol ca order bystolic 5mg without prescription
order augmentin 1000mg sale – atbio info ampicillin antibiotic
esomeprazole tablet – https://anexamate.com/ nexium 40mg pill
coumadin cheap – cou mamide purchase hyzaar pill
purchase meloxicam sale – https://moboxsin.com/ brand mobic
deltasone 40mg without prescription – corticosteroid prednisone online buy
buy erectile dysfunction meds – https://fastedtotake.com/ best non prescription ed pills
buy cheap generic amoxicillin – amoxicillin cost buy amoxil without a prescription
cost forcan – https://gpdifluca.com/# buy diflucan 200mg online
lexapro pills – https://escitapro.com/ escitalopram 10mg brand
cenforce 100mg pills – on this site buy cenforce 50mg
reliable source cialis – site is there a generic cialis available?
buy zantac generic – purchase ranitidine online ranitidine tablet
buy viagra online canada – https://strongvpls.com/ order generic viagra uk
This is a keynote which is near to my heart… Numberless thanks! Exactly where can I upon the acquaintance details for questions? https://gnolvade.com/
The thoroughness in this section is noteworthy. https://buyfastonl.com/amoxicillin.html
Thanks on sharing. It’s first quality. https://ursxdol.com/prednisone-5mg-tablets/
With thanks. Loads of expertise! https://prohnrg.com/
More posts like this would make the online play more useful. https://aranitidine.com/fr/clenbuterol/
More peace pieces like this would create the интернет better. https://ondactone.com/product/domperidone/
The reconditeness in this piece is exceptional.
meloxicam pills
Facts blog you have here.. It’s intricate to assign great status script like yours these days. I justifiably respect individuals like you! Withstand mindfulness!! http://www.orlandogamers.org/forum/member.php?action=profile&uid=29104
cheap xenical – https://asacostat.com/ buy orlistat sale