Tag Archives: L2

zkSync Era recorded more transactions in the last 30 days than any other L2 network.

Layer 2 solutions experience a revenue surge amid growing interest in crypto. Will this trajectory last?

zkSync leads the L2 fee race despite steady TVL. While Ethereum’s L2 ecosystem thrives, zkSync’s 3.79% market share tells a tale of competition and growth.

Base’s TVL fell by 16.92% to $445 million in the past seven days. But its daily transactions gained upward momentum giving the network a ray of hope.

As activity resumes on Friend.tech, network fees and revenue have grown back to August highs.

New L2 sensation Base surges in profitability, but can it vault past rivals in these other key metrics? 

Optimism transactions hit their peak recently, eclipsing the largest L2 solution, Arbitrum, for the first time in 2023.

Arbitrum and Optimism both appear to lead the way for growth in the L2 sector. However, the interest in their tokens continued to decline.

The DEX aggregator became the first project to launch on zkSync Era amid interest from Uniswap, Aava, and Chainlink. Both projects seem glad about the development.

The L2 project had the task of helping retrieve ETH stuck in its ecosystem. zkSync’s TVL continued to increase. zkSync, the layer two scaling solution for Ethereum [ETH], was again faced with another challenge after the Gemholic ecosystem ran into a problem. Gemholic operates under the zkSync protocol, and had 921 ETH, a proceed ofContinue reading “zkSync and its efforts to recover 921 ETH: The how and why of it all”

Arbitrum reached new highs in terms of transaction volume. Low development activity and stablecoin usage raised concerns. According to a 20 February tweet by Wu Blockchain, Arbitrum’s transaction volume had reached new heights, as the scaling solution’s transaction volume reached $2.62 billion and witnessed a 34% spike. If the trend continued, Arbitrum could go toe-to-toeContinue reading “Has Arbitrum gained the top spot in the L2 space? According to these factors…”

Optimism witnessed a rise in the number of transactions being made on the network  Optimism was also witnessing significant growth on other fronts  As per a recent development, the combined transactions on Arbitrum and Optimism were getting closer to the overall transactions being made on Ethereum [ETH]. One of the reasons for the same wouldContinue reading “Optimism could stay true to its name thanks to these developments of 2023”