• 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

Bitcoin's 200-Week Moving Average Remains a Key Support Level

chest

Bitcoin's 200-week moving average is at 61,700, a crucial support level for traders, indicating potential recovery if maintained.

user avatarAyman Ben Youssef

Arthur Hayes Sells Off HYPE Token and NEAR Protocol Positions

chest

Arthur Hayes, cofounder of BitMEX, has exited his positions in HYPE and NEAR, citing macroeconomic factors.

user avatarTando Nkube

Coinbase Introduces Perpetual Futures for Pre-IPO Trading

chest

Coinbase has launched a new perpetual futures product for pre-IPO trading, starting with SpaceX, allowing users outside the US to trade 24/7 using USDC.

user avatarKofi Adjeman

Worldcoin's Short Overhang Could Lead to Price Surge

chest

Worldcoin (WLD) is experiencing a significant short overhang, which may lead to sharp price movements if market conditions change.

user avatarJesper Sørensen

Arthur Hayes Promotes Worldcoin as a Key Player in Upcoming AI IPOs

chest

Arthur Hayes promotes Worldcoin (WLD) as a key player in upcoming AI IPOs, suggesting it could see significant price increases due to its potential as an overlooked investment in the AI sector.

user avatarNguyen Van Long

House of Lords Urges Review of Stablecoin Regulations to Maintain UK Competitiveness

chest

The House of Lords Financial Services Regulation Committee has urged financial regulators to reconsider their stablecoin proposals, warning that the UK risks falling behind global leaders if regulations are not properly calibrated.

user avatarSatoshi Nakamura

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.