- Ethereum layer 2s have been pulling off spectacular transaction exercise recently
- Bettering stats may have a big impression 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 lately.
Ethereum layer 2s’ combination each day transaction depend reportedly hit a new high of 12.2 million transactions. Word that this solely accounts for knowledge on layer 2 networks, and never on exchanges.
In response to Growthepie, the Base community contributed the very best transaction exercise within the final 24 hours. It averaged barely over 3.6 million transactions, which was virtually double the transaction depend supplied by Arbitrum One.
Supply: Growthepie.xyz
The spectacular layer 2 efficiency acquired a big and noteworthy enhance from Manta. The latter achieved over 1.31 million transactions throughout the identical interval.
In truth, 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 attention-grabbing in regards to the Ethereum layer 2 panorama. Many of the layer 2 networks presently experiencing strong development are comparatively new. Older layer 2s akin to Polygon and Optimism have been overtaken by the likes of Base and Manta by way of transaction depend.
Base was additionally the dominant Ethereum layer 2 community by way of charges paid by customers.
The comparatively new and well-liked layer 2s have been gaining traction in transaction depend and charges. Compared, Ethereum mainnet transactions are noting an general 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 each day energetic addresses and its layer 2 energetic addresses. This comparability was based mostly on historic highs for the final 12 months and the newest (13 August) stats.
Supply: CryptoQuant
Ethereum mainnet’s highest energetic tackle depend for the final 12 months was 1.009 million addresses on 13 September, 2023. Its highest figures in 2024, nevertheless, had been simply over 585,000 addresses on 22 June. It registered 303,268 energetic addresses on 13 August.
The mixture 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 info confirmed that a lot of the exercise taking place on Ethereum has been going down on its layer 2 networks.
