- Month-to-month energetic customers on Ethereum chain’s Layer 1 and a couple of tasks have crossed 25 million per Token Terminal information.
- Regardless of the rise of Ethereum’s rivals like Solana, with the meme coin narrative, Ether stays related amongst merchants.
- Whole worth locked in Layer 2 and three tasks 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 information aggregator Token Terminal.
Regardless of the rise in several narratives like meme cash and celeb tokens that made Solana chain – Ethereum’s competitor – common amongst merchants, Ether has seen a spike in energetic customers.
Ethereum Layer 1 and a couple of month-to-month energetic consumer depend hits milestone
Crypto information aggregator Token Terminal reveals that Ethereum Layer 1 and a couple of month-to-month energetic consumer depend exceeded 25 million. At a time when rivals like Solana have seen a spike in mindshare (consideration from market contributors) and the variety of tasks being launched day-after-day, Ether holds its floor, per Token Terminal information, early on Tuesday, June 18.
Ethereum Layer 1 and a couple of MAUs
Knowledge from crypto tracker L2Beat reveals that the full worth locked (TVL) in Layer 2 and three tasks 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
High Ethereum Layer 2 scaling tokens Polygon (MATIC), Mantle (MNT), Optimism (OP) prolonged their losses between 5% and 9% up to now 24 hours, per CoinGecko information.
The market capitalization of Layer 2 tokens is down over 11% up to now 24 hours, providing merchants a “purchase the dip” alternative on Tuesday.