🔍 The L2 Wars The adoption of layer-2 networks built on Ethereum has been impressive over the past...In this case, the proof is in the fees: ~4% of Ethereum’s gas is now consumed by L2 contracts, up from...Additionally, L2s have flipped the Ethereum base layer in terms of transactions per second.

...data supports the thesis that a fair number of Ethereum users have actually migrated to Loopring’s L2...

While Ethereum’s blocks have been nearly full for over a year, we’ve seen multiple L1 & L2 networks...What makes rollups special amongst L2s is that they don’t try to get around this problem.

L2 Gas Consumption L2s have continued to gain steam, with them now comprising ~1% of total daily gas...Relative to the beginning of the summer, Arbitrum and Optimism have seen their share of total L2 gas...An optimal L2 should offer high throughput off-chain and an efficient / small footprint on-chain.

Discord News Alchemix hints at veALCX. FujiDAO teases a new concept in their discord. GnosisDAO discloses SAFE token allocations. JonesDAO […]...

L2s offer a solution to this, but they’re just starting to get off the ground....L2s Need a Jolt Optimism enjoyed a month-long head start over Arbitrum and has consequently seen more...There’s little doubt that L2s are the ideal scaling solution for Ethereum, however, they do need to introduce...

Chart of The Day: Gas Spend Surges in March on L2 Activity Layer-2 rollups post all their transactional...This allows L2s to inherit the security of the L1 it settles on....In March 2022, L2s settling to Ethereum hit a new monthly high in terms of gas spent, surpassing 35B....The surge in gas spent was propelled by activity from several L2s.

Arbitrum and Metis Lead L2 TVL Growth Total Value Locked on L2s has risen back to levels seen at the...Among the seven largest L2s by TVL, only Arbitrum (+19% YTD) and Metis (+94% YTD) have seen positive...

...protocol launched, originally on the PoS sidechains xDAI and Polygon, and later in the year on the L2...Usage did not start to spike until the L2’s became more used....same exit times as optimistic rollups, there was not a critical need for Hop; this changed with the L2...As we see below, this directly correlates with the L2 launches.

As highlighted by Flashbots’ research on L2 MEV, over $3.9 Bn in atomic arbitrage volume and $400 Mn...The funds used by a prospective auction participant to place bids are deposited into this contract on L2...Atlas helps capture MEV on the app layer, but it is out of scope for this post as it is concerned with L2...

L2s Low on Gas? Arbitrum has seen a steep slowdown ever since the initial mania on the network.

Whether this can eventually pick up on Ethereum-centric L2s remains to be seen....L2 TVL Declines as L1s Steal the Show L2’s are losing market share to L1’s in recent months, despite...Most expected L2s to immediately become a hot-spot for developers and users who were priced out of Ethereum...

Trades on Loopring are gas-free, which helped the L2 gain traction and surpass $3B in cumulative volume...

Plume is an L2 built on the Arbitrum Nitro stack designed to be a global hub for RWAs....Thoughts RWAs are always a hot topic – but Plume’s L2 is actually a cool design.

Last year in our Infrastructure Year Ahead report (linked below) I had a section called “The L2 Wars”...was a full bastardization of rollup architecture and would lead to the end of the “kumbaya” period L2...global proof verification layer & money” Value accrual to DA layers will be limited Value accrual to L2...

Ethereum rollup-centric roadmap, I thought it would beneficial to give a rundown of the actual metrics L2s...All data/charts are taken from Growthepie, a great source for everything about L2s....Economics The best argument against L2s has always been that the economics of a rollup-centric world...The chart below depicts the media amount paid per transaction on an L2.

...been some recent announcements recently with projects signalling the intention to launch as a Solana L2...Don’t forget that Solana already has an L2 with code. Is Solana getting more modular?

In other words, do L2’s get a lot of adoption because people are familiar with the EVM and UX or because...never really made sense to me as they for the most part are just copy-pasta-ing projects on multiple L2s...

As the fight over user dominance continues in the L2 realm, let’s take a look at monthly active users...

Between high-level data indicating usage growth on rollups and new project launches aggregating on these L2s...can’t help but have this eerie feeling that we are close to the cusp of the “exciting” part of the L2...