• 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

Wells Fargo Lowers Nvidia Stock Price Target Amid AI Bubble Concerns

chest

Wells Fargo analyst Aaron Rakers has lowered Nvidia's stock price target from $375 to $315, raising concerns about the sustainability of the AI market amid fears of a potential bubble.

user avatarJacob Williams

Sui Developer Ecosystem Investigates AI Agent Market Infrastructure

chest

The Sui developer ecosystem is exploring AI agent infrastructure in on-chain markets, showcasing the Seal MPC prototype for secure multiparty computation.

user avatarZainab Kamara

Sui Defends Key Macro Support Levels Amid Market Uncertainty

chest

Sui is attempting to maintain its support levels while facing significant overhead resistance in the crypto market.

user avatarSon Min-ho

Chainlink's Smart Collateral Technology Chosen for DTCC Trial

chest

Chainlink's smart collateral technology has been selected for a trial by DTCC, focusing on collateral management and financial infrastructure.

user avatarAyman Ben Youssef

Significant Bitcoin Withdrawal from Binance Raises Market Attention

chest

A newly created Bitcoin wallet has withdrawn 1,350 BTC from Binance, signaling important market activity.

user avatarTando Nkube

Machi Big Brother Takes Action to Protect ETH Investments

chest

Machi Big Brother has been liquidating BAYC-related assets to defend its leveraged ETH exposure in a fragile market environment.

user avatarKofi Adjeman

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.