0 reply
26 recasts
26 reactions
@base Flipping Arbitrum
This chart tracks bridge deposits from Ethereum L1 to various Layer 2 (L2) networks over the past year. Arbitrum One had been the dominant L2 for a long time, consistently leading in total bridge deposits. However, Base has experienced a significant surge in deposits, ultimately flipping Arbitrum.
As of February 23, 2025, Base holds $5.245 billion in bridge deposits, surpassing Arbitrum One at $4.99 billion. This shift marks a major milestone in the L2 ecosystem, as Arbitrum had long been the market leader. The rapid growth of Base suggests increasing adoption, possibly driven by incentives, ecosystem development, or new applications.
If this trend continues, Base could solidify its position as the top Layer 2 for Ethereum bridge deposits, reshaping the competitive landscape among L2 networks. 2 replies
0 recast
10 reactions
0 reply
0 recast
0 reaction
