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.