• 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

Aave Proposes Crosschain Expansion for sGHO

chest

Aave governance is reviewing a proposal to extend sGHO to crosschain capabilities using Chainlink CCIP.

user avatarJacob Williams

Solana Transforms into a Leading Trading Venue

chest

Solana has transformed from a competitor to Ethereum into a leading venue for fast and low-cost trading.

user avatarSon Min-ho

Ripple Recognized in CNBC and Statista's Top Fintech Companies List for Fourth Year

chest

Ripple has been included in CNBC and Statista's list of the world's top fintech companies for the fourth consecutive year, highlighting its role in digital asset infrastructure.

user avatarZainab Kamara

Solana's DEX Volume Hits $17 Billion, Signaling Increased Trading Activity

chest

Solana's DEX volume has surged to approximately $17 billion daily, indicating its growing role in crypto trading.

user avatarAyman Ben Youssef

Franklin Templeton's Asset Shift to BNB Chain Signals New Era in RWA Settlement

chest

Franklin Templeton's Benji platform has shifted its focus to BNB Chain, highlighting the importance of low-cost, high-throughput networks in real-world asset settlement.

user avatarKofi Adjeman

BNB Chain Surpasses Competitors as Largest Host for Franklin Templeton's Benji Assets

chest

BNB Chain has become the largest blockchain host for Franklin Templeton's Benji platform assets, holding approximately $15 billion of tokenized money market fund assets.

user avatarTando Nkube

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.