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Home»Crypto»Ethereum Layer 2s Surge Past 10M Active Addresses, Transaction Volume Hits 5.19x Mainnet Levels
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Ethereum Layer 2s Surge Past 10M Active Addresses, Transaction Volume Hits 5.19x Mainnet Levels

January 17, 2025No Comments2 Mins Read
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Ethereum Layer 2 solutions are starting off 2025 with impressive momentum, with the number of weekly active addresses reaching 10.18 million.

This represents a 6.84% increase from the previous week, bringing Layer 2 engagement close to its peak and showcasing the rising adoption of these scaling solutions.

Recent data from GrowThePie.xyz reveals that Layer 2 platforms are now processing 5.19 times the transaction volume of the Ethereum mainnet.

Ethereum L2s Leading the Activity Ranking

Leading the charge among Ethereum Layer 2 solutions are the Base blockchain by Coinbase, Arbitrum, Taiko, and Optimism.

Arbitrum leads in total value locked (TVL) with $18.45 billion, followed closely by the Base network with $14.49 billion TVL, and Optimism with $7.41 billion TVL.

Base also leads in transaction count with 10.84 million transactions, while Arbitrum follows with 2.2 million yearly transactions, showing a significant gap between the two networks.

These high transaction counts are reflected in revenue figures, with Arbitrum’s yearly revenue at $62,970 and Base’s at $603,510.

Base also tops the list in active addresses with 793,550, followed by Arbitrum with 334,970 active addresses.

The consistent growth in Layer 2 activity, especially since mid-2023, highlights their crucial role in scaling Ethereum to meet increasing demand for DeFi applications, NFT trading, and other on-chain activities at a lower cost compared to Ethereum’s mainchain.

Despite its relatively low fee of $0.013, Base ranks 16th in transaction fees, with other platforms offering even lower costs.

Although there was a slight decrease of 19.81% in the total number of addresses interacting with multiple Layer 2 chains over the last week, the overall trend points towards the continued growth and utilization of Layer 2 solutions.

10M 5.19x Active Addresses Ethereum hits Layer levels Mainnet Surge Transaction Volume
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