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The highest three Ethereum layer 2s – Arbitrum, OP Mainnet, and Base – have skilled a rise in exercise, with weekly lively customers reaching a file excessive of three.7 million in mid-April. Arbitrum and Base every noticed about 1.5 million customers over the past week.
Base Is the Largest Winner
The most important winner is Base, whose weekly lively customers have elevated by 400% for the reason that begin of the yr. Base is a Coinbase-backed layer 2 community that was developed utilizing OP know-how.
As we reported earlier, Base additionally accounts for about 50% of newly listed tokens on decentralized exchanges (DEXs).
Base has been the fastest-growing layer 2 community this yr, beating Mantle, Blast, and Starknet to change into the third-largest Ethereum scaling answer by TVL after Arbitrum and OP. Its TVL has surpassed the $5 billion mark, as per L2Beat knowledge from April 12. This contains $1.57 billion of canonically bridged worth (property locked on Ethereum to be represented on Base) and $3.7 billion in natively minted property.
The rise in exercise on Base has been pushed by the rising curiosity in meme cash. DEX Screener knowledge reveals that meme tokens dominate buying and selling on Base DEXs.
Ethereum Layer 2s to Hit $1T by 2030, VanEck Says
As we speak, Ethereum layer 2s have a complete valuation of about $28 billion, in response to Coinmarketcap knowledge. A current report from VanEck means that the market cap will skyrocket to $1 trillion inside the subsequent six years.
VanEck’s valuation evaluation considers a number of key elements, together with transaction prices, developer and consumer expertise, ecosystem dimension, and belief assumptions.
Layer 2s like Arbitrum, OP, and Base will proceed to be related regardless of Ethereum’s transition to Proof of Stake (PoS), as they provide larger throughput and higher transaction efficiency.
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