- Month-to-month energetic customers on Ethereum chain’s Layer 1 and a couple of initiatives have crossed 25 million per Token Terminal knowledge.
- Regardless of the rise of Ethereum’s opponents like Solana, with the meme coin narrative, Ether stays related amongst merchants.
- Whole worth locked in Layer 2 and three initiatives exceeds $43.99 billion on the time of writing.
Ethereum’s Layer 1 and Layer 2 chains have famous a constant enhance in exercise in 2024. Month-to-month energetic customers (MAU) have surpassed the 25 million milestone per knowledge aggregator Token Terminal.
Regardless of the rise in numerous narratives like meme cash and celeb tokens that made Solana chain – Ethereum’s competitor – standard amongst merchants, Ether has seen a spike in energetic customers.
Ethereum Layer 1 and a couple of month-to-month energetic person rely hits milestone
Crypto knowledge aggregator Token Terminal reveals that Ethereum Layer 1 and a couple of month-to-month energetic person rely exceeded 25 million. At a time when opponents like Solana have seen a spike in mindshare (consideration from market individuals) and the variety of initiatives being launched day-after-day, Ether holds its floor, per Token Terminal knowledge, early on Tuesday, June 18.
Ethereum Layer 1 and a couple of MAUs
Information from crypto tracker L2Beat reveals that the full worth locked (TVL) in Layer 2 and three initiatives within the ecosystem exceeds $43.99 billion, on the time of writing.
Whole Worth Locked in Layer 2 and three chains as seen on L2Beat
With a big decline in Layer 2 charges, there’s a rise within the chains’ adoption amongst merchants. It is a contributor to the surge in month-to-month energetic customers on Ethereum. Month-to-month charges are down from $18 to $3 between June 2023 and 2024, as seen within the chart under.
Month-to-month Layer 2 charges change from June 2023 to June 2024
Prime Ethereum Layer 2 scaling tokens Polygon (MATIC), Mantle (MNT), Optimism (OP) prolonged their losses between 5% and 9% previously 24 hours, per CoinGecko knowledge.
The market capitalization of Layer 2 tokens is down over 11% previously 24 hours, providing merchants a “purchase the dip” alternative on Tuesday.