- Monthly active users on Ethereum chain’s Layer 1 and 2 projects have crossed 25 million per Token Terminal data.
- Despite the rise of Ethereum’s competitors like Solana, with the meme coin narrative, Ether remains relevant among traders.
- Total value locked in Layer 2 and 3 projects exceeds $43.99 billion at the time of writing.
Ethereum’s Layer 1 and Layer 2 chains have noted a consistent increase in activity in 2024. Monthly active users (MAU) have surpassed the 25 million milestone per data aggregator Token Terminal.
Despite the rise in different narratives like meme coins and celeb tokens that made Solana chain – Ethereum’s competitor – popular among traders, Ether has seen a spike in active users.
Ethereum Layer 1 and 2 monthly active user count hits milestone
Crypto data aggregator Token Terminal shows that Ethereum Layer 1 and 2 monthly active user count exceeded 25 million. At a time when competitors like Solana have seen a spike in mindshare (attention from market participants) and the number of projects being launched every day, Ether holds its ground, per Token Terminal data, early on Tuesday, June 18.
Ethereum Layer 1 and 2 MAUs
Data from crypto tracker L2Beat shows that the total value locked (TVL) in Layer 2 and 3 projects in the ecosystem exceeds $43.99 billion, at the time of writing.
Total Value Locked in Layer 2 and 3 chains as seen on L2Beat
With a significant decline in Layer 2 fees, there is a rise in the chains’ adoption among traders. This is a contributor to the surge in monthly active users on Ethereum. Monthly fees are down from $18 to $3 between June 2023 and 2024, as seen in the chart below.
Monthly Layer 2 fees change from June 2023 to June 2024
Top Ethereum Layer 2 scaling tokens Polygon (MATIC), Mantle (MNT), Optimism (OP) extended their losses between 5% and 9% in the past 24 hours, per CoinGecko data.
The market capitalization of Layer 2 tokens is down over 11% in the past 24 hours, offering traders a “buy the dip” opportunity on Tuesday.
how to get generic clomid no prescription buying cheap clomiphene no prescription where to buy clomiphene can i get clomiphene prices clomid pills for sale can i order cheap clomid without rx where to get generic clomid price
I am in truth happy to glitter at this blog posts which consists of tons of profitable facts, thanks object of providing such data.
This is a theme which is virtually to my heart… Numberless thanks! Exactly where can I notice the connection details for questions?
azithromycin 250mg cost – order ciprofloxacin 500mg generic purchase flagyl sale
brand semaglutide – rybelsus 14 mg generic cyproheptadine cost
purchase domperidone generic – cyclobenzaprine price purchase cyclobenzaprine without prescription
inderal 10mg usa – buy methotrexate 10mg online buy methotrexate 5mg pill
amoxicillin over the counter – buy cheap generic combivent combivent 100mcg generic