Network activity on the Ethereum mainnet has now surpassed that on layer-2 scaling blockchains as gas fees remain low, though it may not all be organic users.
Token Terminal said on Thursday that there has been a “return to mainnet,” with daily active addresses on Ethereum outranking all leading layer-2s.
A recent spike in active addresses closed in on 1 million per day, with Etherscan showing that active addresses surged to around 1.3 million on Jan. 16 but have since settled to around 945,000 daily active addresses.
The figure is higher than all layer-2 blockchains, including the popular networks Arbitrum One, Base Chain and OP Mainnet. The total value secured across all layer-2s currently stands at $45 billion, down 17% over the past 12 months, according to L2Beat.
Ethereum network activity has surged this month following the Fusaka upgrade in December, which dramatically reduced gas fees. However, it might not all be from genuine users.
You need to login in order to Like
Leave a comment