Ethereum

Layer 2s are **effectively** contributing to Ethereum scalability, enabling the settlement of 8.19x more transactions.

But, what L2 ecosystems are growing? And, what's the best?

Today, we're talking @0xpolygon vs @arbit vs @optimism 🧵

aggregated blockchain scaling ethereum with zk tech.

@0xpolygon is the Layer 2 with the largest users base:

🟣 closely challenging Ethereum's dominance with 5.7 Million active addresses vs mainnet's 6.11 Million (Jan)
🟣 2.4x the number of Arbitrum's active addresses
🟣 5x the number of Optimism's active addresses

In crypto since 2014. ✨ Building the future of DeFi at kpk 🦄 Uniswap UAC member 🧢 Arbitrum delegate

@arbit dominates most Layer 2 metrics:

🔵 largest TVL at $3+ Billion
🔵 highest number of monthly user-paid fees generated at $7.5 Million (Jan)
🔵 highest number of protocols integrated at 546
🔵 most diversified inbound traffic with its leading dApp @GMX_IO capturing 17% of the market share

@optimism efficiently converts its engagement into fees generation:

🔴 2x the user-paid fees generated by Polygon (Jan)
🔴 OP-Uniswap generated fees higher than POL-Uniswap generated fees, despite the Polygon market being bigger (Jan)

If you liked this thread and want to dive deeper into the Polygon vs Arbitrum vs Optimism L2 battle 👇

If you liked this thread and want to dive deeper into the Polygon vs Arbitrum vs Optimism L2 battle 👇
https://open.substack.com/pub/alicecorsini/p/the-battle-of-the-layer-2s?r=1m9fg&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true