• 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

a year 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

Anthropic Acquires Coefficient Bio for $400 Million

chest

Anthropic has acquired biotech AI startup Coefficient Bio for $400 million, marking a strategic expansion into the healthcare sector.

user avatarLeo van der Veen

Cathie Wood Sees Bitcoin's Decline as a Sign of Maturation

chest

Cathie Wood argues that Bitcoin's decline from its all-time high is a sign of market maturation rather than weakness.

user avatarTenzin Dorje

Public Companies Sell Bitcoin Holdings to Manage Liquidity

chest

Several public companies and sovereign entities are selling their Bitcoin holdings to manage liquidity and fund strategic pivots.

user avatarAisha Farooq

Centrifuge Launches deSPXA Tokenized Asset for Non-US Users

chest

Centrifuge has launched deSPXA, a tokenized asset for non-US users to trade and hold exposure to the Anemoy S&P 500 Index Fund on a permissionless blockchain.

user avatarLi Weicheng

Trump Administration Proposes Record $15 Trillion Defense Budget

chest

On April 3, 2023, the Trump administration proposed a historic defense budget of $15 trillion, marking a 42% increase in Pentagon spending while cutting domestic programs.

user avatarBayarjavkhlan Ganbaatar

Solana ETF Sees Positive Inflow After Days of Decline

chest

On April 2, the Solana ETF recorded its first positive net inflow of 932,850 after experiencing a series of outflows that resulted in approximately 15 million in losses.

user avatarMohamed Farouk

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.