Ethereum Layer-2 Ecosystem Explodes with Record Transaction Volume
Layer-2 Networks Are Stealing the Spotlight
Ethereum’s Layer-2 ecosystem has reached a new milestone, processing over 150 transactions per second across all major rollup networks. Base, Coinbase’s L2 chain, has emerged as a frontrunner, capturing nearly 40% of total L2 activity.
Base Leads the Charge
Coinbase’s Base network recorded its highest-ever daily transaction count, surpassing 15 million transactions in a single day. The surge is driven primarily by social applications and DeFi protocols migrating from mainnet to take advantage of sub-cent transaction fees.
Arbitrum and Optimism Hold Strong
While Base dominates headlines, Arbitrum continues to lead in Total Value Locked (TVL), with over $18 billion secured across its DeFi protocols. Optimism’s Superchain vision is also gaining traction.
Key metrics across the L2 landscape:
- Combined TVL: $45 billion (up 120% YoY)
- Daily active addresses: 8.2 million
- Average transaction cost: $0.003
Impact on ETH Price
ETH is currently trading at $4,200, up 12% over the past month. Analysts suggest that the “L2 premium” is becoming a significant price driver.
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