Ethereum Layer 2 solutions are kicking off 2025 with remarkable momentum, as the number of weekly active addresses climbs to 10.18 million.
The present figure marks a 6.84% increase compared to the previous week. Accordingly, this surge brings Layer 2 engagement close to its all-time high, reflecting the growing adoption of these scaling solutions.
According to data from GrowThePie.xyz, Layer 2 platforms are now handling 5.19 times the transaction volume of the Ethereum mainnet.
Ethereum L2s Leading the Activity Ranking
Among the Ethereum Layer 2 solutions leading this charge are the Base blockchain by Coinbase, Arbitrum, Taiko, and Optimism.
Regarding total value locked (TVL), Arbitrum leads with the highest value, boasting $18.45 billion. Following closely is the Base network with $14.49 billion TVL, while Optimism ranks third with $7.41 billion TVL.
In terms of transaction count, Base leads with 10.84 million transactions, while Arbitrum comes next with 2.2 million yearly transactions. Essentially, Arbitrum trails far behind Base with a margin of around 8 million transactions.
Notably, these massive transaction counts for both networks are reflected in their revenue figures. Arbitrum’s yearly revenue stands at $62,970, while Base boasts a much higher yearly revenue of $603,510.
Furthermore, Base also emerged as the leader in terms of active addresses, with 793,550 active addresses. Arbitrum came second with 334,970 active addresses.
Overall, the consistent rise in Layer 2 activity, especially since mid-2023, points to their critical role in scaling Ethereum to meet growing demand. Users are increasingly leveraging these solutions for DeFi applications, NFT trading, and other on-chain activities without the high costs historically associated with Ethereum’s mainchain.
In terms of transaction fees, Base ranks at position 16 despite its relatively low fee of $0.013, with other platforms offering even lower transaction cost.
Over the last week, the total number of addresses interacting with multiple Layer 2 chains slightly declined by 19.81% compared to the previous week.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
