Ethereum Profits Are Expanding From Layer 2 Networks

  • With Layer 2 networks gaining significant traction in user activity, the gas fees Ethereum is raking in for renting its security are breaking record highs.
  • The Wednesday following Optimism’s token launch saw Layer 2 networks use a record-breaking 3.95% of the daily gas consumption on Ethereum.
  • According to on-chain data from Dune, Layer 2 networks are now spending more gas than ever to settle or prove transaction batches on Ethereum’s mainnet, with spending consistently surpassing 10 billion gas since the beginning on May.