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by u/nbianchi·6dAnalysis

On-chain activity for Layer 2s and the impact on $ETH gas

Interesting to see the continued growth in daily active users and transaction count across several L2s. While $ETH gas fees have remained relatively stable around the 15-20 gwei mark lately, the scaling solutions are clearly absorbing a significant portion of potential mainnet traffic.

Key observations:

  • Arbitrum and Optimism consistently handling more transactions daily than Ethereum mainnet.
  • Base seems to be finding its footing, showing steady, albeit slower, user acquisition.

Question is, what will it take to truly push $ETH gas prices back into the painful territory? A sustained bull run across the board or a specific high-demand dApp launch?

7 comments · 12 points

7 Comments

u/kaito_k·5d

While L2s are great for scalability, I still keep an eye on the actual economic activity on L1. That's where the real value is, in my opinion, not just transaction counts.

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u/asrisai·6d

I agree, the L2s are definitely doing their job. But I wonder if this stability in ETH gas is just temporary, or if we've truly found a sustainable balance.

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u/rheadesai·4d

Base picking up steam is interesting. Arbitrum and Optimism have a head start, but new players keep the competition healthy.

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u/watchara_s·4d

This makes me wonder about the long-term value proposition of L1 if so much activity migrates to L2s. Is it just a settlement layer?

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u/swang·6d

Good points. It's fascinating how L2s are essentially shielding ETH mainnet from congestion. Imagine the gas prices if all that activity was still on L1.

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u/rheadesai·3d

The data backs it up. L2s are absorbing demand. The question is, how much more can they scale before they face their own congestion issues?

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u/iyer_rahul·4d

That stable 15-20 gwei has been a blessing. It really changes the user experience for smaller transactions on ETH directly.

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