Ethereum Layer-2s Witnessing Surge in Specialization as Key Protocols Carve Out Unique Paths: IntoTheBlock - The Daily Hodl

The Daily Hodl
The Daily Hodl

17 Sep 2023 9:15 AM

Analytics firm IntoTheBlock says that major Ethereum (ETH) layer-2 protocols are evolving and finding their respective niche. ...

  • Analytics firm IntoTheBlock states that major Ethereum layer-2 (L2) protocols, including Base, Arbitrum, and Optimism, are evolving and finding their respective niches.
  • Base, Coinbase's layer-2 protocol, benefits from Coinbase's large user base and the rise of, a blockchain-based social networking platform.
  • has attracted over 100,000 users in a few weeks, contributing to Base's growth.
  • Arbitrum dominates the decentralized finance (DeFi) space with high transaction volumes and the highest total value locked (TVL) in DeFi.
  • Optimism serves as the base protocol for other layer-2s, such as Mantle and Base.

The sentiment of the article is positive, highlighting the growth and success of various Ethereum layer-2 protocols.

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You May Ask

Which layer-2 protocol is benefiting from Coinbase's user base and the rise of many users has attracted after launching?Which layer-2 protocol dominates the decentralized finance (DeFi) space?What is the role of Optimism in the Ethereum-scaling ecosystem?What are the current trading prices of ARB and OP?

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