The Impact of Ethereum L2s’ Attempt to “Go to the Moon”

Contributor

• Recently, transaction activity on Ethereum Layer 2s has ​increased significantly.
• Statistics‍ can have a major ⁣impact on‍ Ethereum.

Ethereum ‌may still be far from​ its all-time high, but it is still reaching new heights in other areas. Recently, the‍ network’s Layer 2 transactions have been hitting new highs.

The daily average number of transactions on Ethereum⁣ Layer 2s has reportedly hit a record high. ⁢It now stands ⁤at 12.2 million. This only includes ⁤data from Layer 2 networks and excludes exchanges.

Growthepie reports that the Base network has been the most active⁢ in terms of transactions over the past 24 hours. It⁤ recorded just over 3.6 million transactions on average, which was almost twice as many transactions as Arbitrum One.

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