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Soaring growth of Ethereum layer-2 networks set to continue in 2023

Leading layer-2 networks on Ethereum have seen a surge in daily active users and fees recently.

In the past many months, Yi Tai Fong layer 2 network has experienced the link of improving flammability, and this development trend will continue in 2023.

Based on recent data, the number of daily active users of leading layer 2 networks has increased, which translates into higher ecosystem costs.

According to the analysis of the data information of the service provider Token terminal, as of January 17, Polygon ranked first with 313457 daily active users, and this index soared to more than 600,000 yuan daily active users in early January.

This is a 30% increase in trading volume since the beginning of October, bringing the daily cost of Polygon close to $55000.

Optimists are growing quite fast, with the number of daily active users growing by 190% in the past three months. As a result, the daily cost of the Internet is $119475, an increase of nearly 140% since the beginning of the year.

Arirum One currently has 41694 daily active customers, an increase of about 40 per cent in the past three months. According to the data, the daily fee of the network is slightly more than 40,000 US dollars.

In addition, L2beat, a L2 green eco-structured analysis service platform, said that in terms of total locked use value (TVL), Arirum accounted for 52% of the market and currently stands at $2.55 billion. Aribtrum has seen a 9 per cent increase in TVL in the past week.

The optimist is the second-largest L2 network, with a TVL of $1.46 billion and a 30 per cent market share. The collateral it locked in has soared by 15% in the past seven days.

Taken together, these two account for more than 80% of all collateral locked down by the two-tier platform.

In the past week, the TVL of all L2 has increased by nearly 10%, bringing the total amount of TVL to $4.89 billion. However, the figure is still down 34% from its April peak.

But the decline is less than half the decline in TVL since its all-time high. According to DeFiLlama, Defi collateral has fallen by 75% since December 2021, indicating a higher demand and trend for layer 2 networks.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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