• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Layer-2 Volumes Increased by 70%—Can They Outdo Solana?

user avatar

by Giorgi Kostiuk

2 years ago


Ethereum's layer-2 blockchains are witnessing significant development, with volume increases of 70% over the past 30 days. Can they compete with Solana's achievements?

Growth of Ethereum Layer-2

Ethereum’s layer-2 blockchain ecosystem is experiencing impressive growth, with volumes increasing by 70% over the past 30 days. Despite high transaction costs on Ethereum's main network, layer-2 solutions provide a sustainable path to enhanced scalability for decentralized applications.

Solana's Advantages and Success

Solana has captured a significant market share with 35.4% of decentralized exchange volumes in November. It is also actively developing in the memecoin sector, bolstering its growth. Meanwhile, Ethereum's layer-2 holds 45.2% of the market share.

Competition and Future Development

Despite Solana's achievements, Ethereum retains its dominance with a total value of $69.7 billion in its base layer, alongside the active growth of individual layer-2 networks like Base and Arbitrum. Going forward, Ethereum plans to make adjustments to its fee structure and continue developing layer-2 solutions to enhance competitiveness.

While Solana has achieved significant success, Ethereum remains a dominant force thanks to its layer-2 integrations and innovations in fee structure. Despite Solana's current advantages in certain aspects, Ethereum has all the opportunities to strengthen its position in the near future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Tests Major Support Zone as Sellers Press Their Advantage

chest

Bitcoin is currently testing a critical support zone between 72,000 and 74,000, with potential implications for its price trajectory.

user avatarLuis Flores

Bitcoin Whales Experience Supply Stagnation Amid Market Trends

chest

Bitcoin whales have seen their supply levels stabilize, indicating potential price weakness.

user avatarArif Mukhtar

Bitmine Immersion Technologies Acquires 111,942 ETH

chest

Bitmine Immersion Technologies has made its largest Ethereum purchase of the year, acquiring 111,942 ETH earlier this week.

user avatarDavid Robinson

Bit Digital Increases Ethereum Holdings to 158,462 ETH

chest

Bit Digital has acquired 8,568 ETH, increasing its total holdings to approximately 158,462 ETH, becoming the fourth-largest public corporate holder of Ether.

user avatarAndrew Smith

Standard Chartered Highlights Ethereum's Strong On-Chain Metrics

chest

Standard Chartered has released a report indicating that Ethereum's on-chain metrics tell a different story than its current price.

user avatarMaria Gutierrez

David Hoffman Sells His Final Ethereum Holdings

chest

David Hoffman, cofounder of Bankless, has sold his final Ethereum holdings, citing that the investment case for ETH has largely played out.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.