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#Ethereum Layer 2 Protocols on the Rise !!!

Since the beginning of 2022, the Ethereum scaling protocols #Optimism and #Arbitrum have seen a steady rise in transaction volume.

These two Ethereum #Layer2 protocols stand out as the most popular ones with a market share of 50% and 30%, respectively.
CryptoRank, a platform for analyzing and researching the #crypto market, recently released a list of the top 10 #blockchains based on monthly revenue, which represents the fees generated for stakeholders.

As per the report, #Ethereum is the clear leader in terms of monthly revenue generated for stakeholders. #Tron, #Filecoin, #Arbitrum, and #Polygon are also generating significant revenue, while #BNB Coin, #Optimism, #Solana, and #Helium are all showing decent gains.
In the ever-evolving realm of Layer 2 blockchain solutions, Base has shattered records with its meteoric rise.

Since its official mainnet launch on August 9, 2023, Base impressively amassed 1 million unique addresses in just 11 days. 

Remarkably, even before its official launch, it had garnered 532k addresses as users flocked to it through unofficial bridges. This rapid adoption surpasses the timelines of its predecessors, as both Arbitrum and Optimism took 303 and 191 days, respectively, to reach the same milestone. 

Meanwhile, zkSync stands as a true speedster, achieving the feat in a mere 71 days since its Era mainnet debut on March 25, 2023, boasting over 1 million addresses by June 3, 2023.




#Layer2 #Blockchain #BASE #zkSync #Optimism #Arbitrum #Crypto #Coinpedia
#Ethereum’s Layer 2 Leaders by FDV

➡️ #Optimism tops the list with a $7.34 billion valuation, closely followed by #Arbitrum at $5.56 billion.

➡️ #StarkNet and #Mantle trail with a 30.5% valuation gap, highlighting the diversity in blockchain solutions.

#CoinPedia #Crypto #Blockchain #Ethereum