- Ethereum layer 2s have been pulling off spectacular transaction exercise currently
- Bettering stats may have a major affect on Ethereum too
ETH should be a great distance off from its historic all-time excessive, however Ethereum is hitting new highs on different fronts. The community’s layer 2 transactions touched new highs not too long ago.
Ethereum layer 2s’ mixture day by day transaction depend reportedly hit a new high of 12.2 million transactions. Be aware that this solely accounts for information on layer 2 networks, and never on exchanges.
In line with Growthepie, the Base community contributed the best transaction exercise within the final 24 hours. It averaged barely over 3.6 million transactions, which was virtually double the transaction depend offered by Arbitrum One.
Supply: Growthepie.xyz
The spectacular layer 2 efficiency obtained a major and noteworthy enhance from Manta. The latter achieved over 1.31 million transactions throughout the identical interval.
The truth is, its transactions have registered a spike since 5 August.
Are Ethereum’s layer 2s stealing the mainnet thunder?
The aforementioned findings additionally reveal one thing fascinating concerning the Ethereum layer 2 panorama. Many of the layer 2 networks at the moment experiencing sturdy development are comparatively new. Older layer 2s reminiscent of Polygon and Optimism have been overtaken by the likes of Base and Manta when it comes to transaction depend.
Base was additionally the dominant Ethereum layer 2 community when it comes to charges paid by customers.
The comparatively new and well-liked layer 2s have been gaining traction in transaction depend and costs. Compared, Ethereum mainnet transactions are noting an total decline on a 12 months so far foundation.
Supply: CryptoQuant
The mainnet’s transaction depend peaked at barely over 1.96 million transactions on 14 January. It had a depend of 1.08 million transactions on 13 August.
We additionally drew comparisons between the Ethereum mainnet day by day energetic addresses and its layer 2 energetic addresses. This comparability was primarily based on historic highs for the final 12 months and the newest (13 August) stats.
Supply: CryptoQuant
Ethereum mainnet’s highest energetic handle depend for the final 12 months was 1.009 million addresses on 13 September, 2023. Its highest figures in 2024, nonetheless, had been simply over 585,000 addresses on 22 June. It registered 303,268 energetic addresses on 13 August.
The combination variety of energetic addresses for Ethereum layer 2s peaked at 2.52 million energetic addresses on 23 June this 12 months. It had simply over 1.54 million energetic addresses on 13 August.
Supply: Growthepie.xyz
To place it merely, the information confirmed that a lot of the exercise occurring on Ethereum has been going down on its layer 2 networks.
