A close race for dominance has emerged among L2s, with Base leading in transactions processed and processing speed. Despite earlier concerns, Base has secured a significant Total Value Locked (TVL) and experienced a surge in transaction volume.
According to L2Beat data, a close race emerged for dominance among the L2s. Base led the pack with a significant 47.78 million transactions processed in the last 30 days, followed closely by Arbitrum One at 39.26 million.
When it comes to processing speed, Base emerged as a clear leader. It achieved a daily Transactions Per Second of 35.19, reflecting a remarkable 36.12% increase. This placed it well ahead of Arbitrum with 17.80 TPS and Ethereum with 14.38 TPS.In terms of Total Value Locked , Coinbase’s Base made significant strides. Despite facing network congestion concerns earlier, it managed to secure a TVL of $1.3 billion.
As L2 adoption flourishes, the overall Ethereum ecosystem strengthens, leading to a more robust and valuable network in the long run. This suggested that the bullish sentiment around these tokens persisted, however, it wasn’t significant enough to impact price movement.
L2 Sector Dominance Transactions Processing Speed Total Value Locked TVL Base Arbitrum One Ethereum
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