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

Bybit Introduces Bybit Odds, Integrating Prediction Market Analytics

Bybit has launched Bybit Odds, an innovative analytics product designed to integrate prediction market data into its trading ecosystem.

user avatarTando Nkube

Binance Expands Automated Trading Tools for Users

Binance has introduced new Spot Grid and Spot DCA bot support for additional trading pairs, enhancing its spot platform's automation.

user avatarKofi Adjeman

China Launches Investigation into AI Labs for Data Misuse

China has launched an investigation into AI labs DeepSeek and Moonshot AI for allegedly routing sensitive user data to Anthropics servers.

user avatarNguyen Van Long

Lion Group Holding Adds HYPE Tokens to Corporate Treasury

Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, marking a significant move in corporate crypto asset holdings.

user avatarSatoshi Nakamura

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

user avatarRajesh Kumar

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.