Base Surpasses Arbitrum with 3.25M Ethereum L2 Transactions

Base Network Emerges as a Leader

Among the Ethereum Layer 2 networks, Base has quickly distinguished itself since its launch just over a year ago. Utilizing Optimistic Rollup technology, Base has processed approximately 3.25 million transactions, making it the leading choice for Ethereum Layer 2 users. In contrast, Arbitrum, the second most utilized network, recorded 1.11 million transactions, underscoring its ongoing relevance in the Ethereum L2 space.

Several other Layer 2 networks have also made notable strides, including:

• Linea
• OP Mainnet
• Scroll
• ZKsync Era
• Mantle
• Zora
• Taiko
• Blast

Among these, Taiko has seen a notable 4.4% increase in transactions over the past day, highlighting its growing role in the ecosystem.

Recent Decline in Layer 2 Transactions

Despite the impressive performance of individual networks, Ethereum Layer 2 transactions have faced a decline for four consecutive weeks. Active addresses have dropped to 5,297,233, marking a 16.32% decrease from the previous week. Additionally, the number of active wallets across multiple chains has decreased to 497,425, down 13.41% from the prior week. This broader trend indicates reduced engagement and adoption across the Ethereum Layer 2 ecosystem.

Current Dominance and Challenges

Layer 2 networks still hold significant dominance, with a ratio of 2.91x, although this is a 14.32% decrease compared to the previous week. The data from Growthepie highlights a critical moment for Ethereum Layer 2 solutions, reflecting both the dynamic nature of the ecosystem and the challenges it faces.

In summary, the Growthepie report reveals that Base has emerged as a leading Ethereum Layer 2 network, surpassing Arbitrum and showcasing the increasing adoption of Optimistic Rollup technology. Despite recent declines in transaction volumes and active addresses, Layer 2 networks continue to play a crucial role in enhancing Ethereum’s scalability and efficiency. Ongoing innovation and strategic adaptation will be essential to sustaining user interest and growth in this evolving landscape.