In the first half of the year, the number of daily active addresses (DAU) for Ethereum and its primary L2 solutions increased by 127%. These figures are presented in a joint report by Coinbase and Glassnode.
According to GrowthePie, Linea, Base, and Arbitrum are the three main rollups with a combined DAU of 1.8 million.
Analysts note that with the development of new, faster, and cheaper L2 solutions, the growth in the number of users of second-layer solutions has outpaced the growth of Ethereum’s equivalent metric.
“As existing and new innovative use cases for [L2 networks] develop, their adoption will grow,” the researchers indicated.
The average fee in Ethereum decreased by 58% in the second quarter, despite a 59% increase in the number of transactions. The drop in network fees followed the activation of the Dencun update in March 2024.
The situation in the network of the second-largest cryptocurrency by market capitalization contrasts with the blockchain of digital gold. For instance, the average DAU in the second quarter fell by 20%, and the number of daily active participants by 16%, according to the study.
Earlier, Ethereum co-founder Vitalik Buterin called for the creation of a unified interoperability solution for L2 networks.
Previously, ForkLog reported on the growth of on-chain metrics for the Base network.