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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

ZetaChain Token Holders Approve Migration to Solana

ZetaChain token holders have approved the migration of ZETA to the Solana blockchain, transitioning to a native SPL token while maintaining its ticker and total supply.

user avatarGustavo Mendoza

Hyperliquid Achieves $140 Billion in Perpetual Trading Volume

Hyperliquid generated approximately $140 billion in perpetual trading volume over a 24-hour period on September 21.

user avatarMaria Fernandez

Chainlink Releases Version 2640 for Node Operators

Chainlink has launched version 2640, focusing on infrastructure improvements for oracle nodes.

user avatarRajesh Kumar

Aptos Labs Releases Validator Node Hotfix to Ensure Network Stability

Aptos Labs has released a hotfix for validator nodes to address consensus and statesync issues in the mainnet infrastructure.

user avatarMiguel Rodriguez

Offchain Labs Releases Nitro v3114 for Arbitrum Node Operators

Offchain Labs has released Nitro v3114, a maintenance update for Arbitrum node operators, focusing on reliability and routine improvements.

user avatarLuis Flores

Lido DAO Completes Significant Governance Package

Lido DAO has successfully executed Aragon Vote 205, implementing key governance changes.

user avatarArif Mukhtar

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.