Ethereum’s layer 2 networks have gained significant traction in the past few years as developers seek faster and cheaper solutions to interact with the blockchain. According to a new report released by blockchain intelligence firm, Messari, layer 2 solutions recorded 61% of the entire Ethereum (ETH) transactions in Q3 2023. The State of Ethereum report explored how the blockchain and cryptocurrency fared in the last three months, notably around prices, adoption of layer 2 networks, asset dominance, network upgrades, etc.
Ethereum’s Layer 2 Networks Gain Traction Amidst Growing Adoption
