Ethereum Revenue Boost Expected as Layer-2 Activity Surges

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Ethereum Revenue Boost Expected as Layer-2 Activity Surges Ethereum’s network revenue is poised for a significant revival, driven by the rapid expansion of Layer-2 (L2) networks.

In November 2024, L2 solutions like Base, Scroll, and World Chain tripled the transaction data posted to Ethereum’s mainnet compared to March, according to Dune Analytics.

While the upgrade initially led to a notable drop in Ethereum’s revenue due to reduced transaction fees, the resurgence in activity through L2 networks is driving a revenue recovery.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Ethereum Layer-2 revenue Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 14:36:17 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1156 words

Reading Time: 7 minutes read

Sentences: 50 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23470820

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Official Website: bitcoinworld.co.in

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