• 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

Institutional Investors Pour Nearly $1 Billion into Bitcoin ETFs

chest

Institutional investors invested nearly $1 billion into Bitcoin ETFs, indicating strong demand for the cryptocurrency.

user avatarMohamed Farouk

Bitcoin Bull Score Index Moves to Neutral Zone

chest

The Bitcoin Bull Score Index has risen to 50, indicating a shift from bearish to neutral territory, according to CryptoQuant's Julio Moreno.

user avatarElias Mukuru

Sullivan Cromwell Admits AI Errors in Bankruptcy Filing

chest

Sullivan Cromwell admits to errors in a bankruptcy filing due to AI-generated inaccuracies, including fabricated citations.

user avatarDiego Alvarez

Customer Loyalty at Risk Due to Bank Inaction on Crypto

chest

A recent survey found that 35% of European investors would consider switching banks if another institution offered better cryptocurrency investment options.

user avatarKenji Takahashi

Traditional Banks Struggle to Meet Cryptocurrency Demand

chest

Traditional banks in Europe are struggling to meet the growing demand for cryptocurrency investment services, with only 19% currently offering ways for clients to buy or hold digital assets.

user avatarMaria Fernandez

Bitcoin's Strategic Role in US National Security Discussed in Senate

chest

Admiral Samuel Paparo highlighted Bitcoin's potential as a cybersecurity tool during Senate testimony, linking it to US-China competition.

user avatarGustavo Mendoza

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.