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Home»Blockchain»Manta Network and Base Growth in the Ethereum Layer 2 Ecosystem
Blockchain

Manta Network and Base Growth in the Ethereum Layer 2 Ecosystem

2024-10-08No Comments2 Mins Read
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The Layer 2 Ethereum solutions ecosystem remains stable as it expands, with increased activity on unique active addresses across multiple applications. Cross-chain DEX aggregator Manta Network shows an incredible 101% increase in unique active addresses within a month.

Total number of unique active addresses in layer 2 #Ethereum Ecosystem🏆

1. @basic
2. @arbitrum
3. @MantaNetwork
4. @taikoxyz
5. @LineaBuild
6. @zksync
7. @Optimism
8. @Scroll_ZKP
9. @0xMantel

Welcome to Manta Network, which has achieved remarkable 101% growth over the past 30 years… https://t.co/xzY9mxlVtp pic.twitter.com/jghY150S2s

— Ethereum Daily (@ETH_Daily) October 7, 2024

This means that more user attention will be paid to Manta Network as it steadily climbs the Layer 2 ladder and more projects are integrated into the platform. Ethereum shared the statistics via its social media X account, Ethereum Daily.

Basis and Arbitrum see notable increases after Manta Network

The base has seen solid 21% growth in unique active addresses. This steady increase also highlights Base’s increasing user numbers and how Base is a critical part of Ethereum Layer 2 solutions.

Arbitrum saw a 10% increase in active addresses, further solidifying its place in the ecosystem. Further expansion of Arbitrum shows strong adoption and the benefits of Arbitrum scaling solutions for Ethereum consumers.

Other Layer 2 networks contributing to the expansion

Layer 2 networks, Taiko, Linea, zkSync, Optimism, Scroll, and Mantle, serve critical functions within the ecosystem. Such platforms are increasingly used due to their extensibility, relatively lower transaction fees and improved user interface compared to the Ethereum mainnet platforms.

As these networks strengthen their offerings, they collectively attract more users to the Layer 2 space. The growing number of unique active addresses across platforms indicates a clear trend of users opting for Layer 2 solutions to optimize their interactions with the Ethereum network.

See also  India is poised to become a web3 powerhouse: expert

With Manta Network and Base leading the way, this expansion signals a broader shift toward Layer 2 technologies as users seek improved functionality and lower costs.



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