thecryptobasic.com
Ethereum Layer 2 solutions are kicking off 2025 with remarkable momentum, as the number of weekly active addresses climbs to 10.18 million.
The present figure marks a 6.84% increase compared to the previous week. Accordingly, this surge brings Layer 2 engagement close to its all-time high, reflecting the growing adoption of these scaling solutions.
According to data from GrowThePie.xyz, Layer 2 platforms are now handling 5.19 times the transaction volume of the Ethereum mainnet.
Ethereum L2s Leading the Activity Ranking
Among the Ethereum Layer 2 solutions leading this charge are the Base blockchain by Coinbase, Arbitrum, Taiko, and Optimism.
Regarding total value locked (TVL), Arbitrum leads with the highest value, boasting $18.45 billion. Following closely is the Base network with $14.49 billion TVL, while Optimism ranks third with $7.41 billion TVL.
In terms of transaction count, Base leads with 10.84 million transactions, while Arbitrum comes next with 2.2 million yearly transactions. Essentially, Arbitrum trails far behind Base with a margin of around 8 million transactions.
Notably, these massive transaction counts for both networks are reflected in their revenue figures. Arbitrum’s yearly revenue stands at $62,970, while Base boasts a much higher yearly revenue of $603,510.
Furthermore, Base also emerged as the leader in terms of active addresses, with 793,550 active addresses. Arbitrum came second with 334,970 active addresses.
Overall, the consistent rise in Layer 2 activity, especially since mid-2023, points to their critical role in scaling Ethereum to meet growing demand. Users are increasingly leveraging these solutions for DeFi applications, NFT trading, and other on-chain activities without the high costs historically associated with Ethereum’s mainchain.
In terms of transaction fees, Base ranks at position 16 despite its relatively low fee of $0.013, with other platforms offering even lower transaction cost.
Over the last week, the total number of addresses interacting with multiple Layer 2 chains slightly declined by 19.81% compared to the previous week.