Data Suggests Ethereum L2 Tokens May Experience Major Upside

Data Suggests Ethereum L2 Tokens May Experience Major Upside

While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem.

As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented.

Ethereum gas spent to settle L2 transactions. Source: Twitter

Blockchain analytics firm Nansen…


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