Messari Reports Layer-2 Blockchains as Home to the Majority of Ethereum Transactions
Adekunle Joshua
Ethereum Layer-2 networks dominated Q3, accounting for 61% of all transactions, says Messari's State of Ethereum report
Base's explosive launch and Friend.tech's social token drove this surge, according to Kunal Goel, senior research analyst at Messari
Goel noted, "The most impressive thing is Base's quick growth and how one app can turn things around for any blockchain"
Coinbase's Base L2 mainnet launch is making waves with $142M already locked in. It's poised to boost decentralized app development
Base now ranks among the top four Layer-2 solutions, following Arbitrum, Optimism, and zkSync Era. It's changing the landscape of Ethereum's Layer-2 space
Arbitrum's daily transactions dropped by 36% due to Base and Optimism's rise. The competition is heating up in Layer-2 solutions
The Layer-2 takeover was predicted, as blockchains have scaling limitations. These solutions are transforming Ethereum's transaction landscape
As Layer-2s become cheaper after the Dencun upgrade, expect higher activity and the migration of DEX trades. The future looks promising for Ethereum's Layer-2 networks.