Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

American Express Introduces Blockchain-Based ‘Travel Stamps’

15/09/2025

Dow slips after record highs, focus on Nvidia

15/09/2025

Psychic’s advice cost billionaire heiress $80M in crypto: Report

15/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ether could see the ‘biggest bear trap’ this month: Analysts

    15/09/2025

    Ethereum Whale Cashes Out Millions in DAI After Price Rally: $13.2 DAI Earned

    15/09/2025

    can $4,300 support prevent a deeper correction?

    15/09/2025

    Analyst Reveals Ethereum (ETH) Expectations for September and October! “The Biggest Bear Trap Could Be Coming!”

    15/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

    13/09/2025

    Crypto.com Launches Champions Collection With UEFA Experiences and Final Tickets Up for Grabs

    12/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    Dow slips after record highs, focus on Nvidia

    15/09/2025

    Psychic’s advice cost billionaire heiress $80M in crypto: Report

    15/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025
  • Blockchain

    Google Gets $35 Billion Offer for Chrome as AI Browser Fight Escalates

    15/09/2025

    Unlocking a Revolutionary Era for On-Chain Finance

    14/09/2025

    Latin American devs favor Ethereum and Polygon over new chains: Report

    14/09/2025

    GrowHub Signs ESG Blockchain Agreement With Republic of Srpska

    14/09/2025

    Bluwhale AI Taps MelosBoom to Redefine Web3 Musicverse with DePIN and AI

    14/09/2025
  • DeFi

    It Claimed to Have $12 Billion

    14/09/2025

    Thetanuts Finance Partners with Odette to Debut V4 and RFQ Engine on Base

    14/09/2025

    3 Reasons The Growth Of DeFi Is Lagging Among Institutions

    14/09/2025

    dForce Moves to Integrate AnchorX Yuan-Pegged $AxCNH Stablecoin

    14/09/2025

    Unlocking Massive Value with a Revolutionary Protocol

    13/09/2025
  • Metaverse

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025
  • Regulation

    Dow slips after record highs, focus on Nvidia

    15/09/2025

    Psychic’s advice cost billionaire heiress $80M in crypto: Report

    15/09/2025

    Fed jitters trigger $1.43b crypto fund exodus, largest since March

    15/09/2025

    Solana stocks keep falling as Wall Street pitches another $1B

    15/09/2025

    Global stock exchanges call for crackdown on tokenized stocks

    15/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

    15/09/2025

    Binance Warns Crypto Projects Against Listing Scams: Details

    15/09/2025

    Revolut Secures UAE Nod for Payments Business, Eyes Regional Expansion

    15/09/2025

    Prediction Market PredictIt Launches in October—Here’s What to Expect

    15/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Undeads Games TVL Reached $30M+

    12/09/2025

    GameFi.org Joins Somnia to Accelerate Blockchain Gaming Advancement

    10/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Bitcoin’s Computing Muscle Flexes Harder

    13/09/2025

    Ethiopia is Turning Hydropower Into Bitcoin Mining

    13/09/2025

    Impressive 375 BTC Mined in August

    13/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025

    China Imposes New Cryptocurrency Bans! Here Are the Details…

    15/09/2025

    Input Output Joins CryptoUK to Help Shape UK’s Digital Asset Future

    15/09/2025

    CFTC Nominee Brian Quintenz tells all in Winklevoss twins fight

    15/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    Dow slips after record highs, focus on Nvidia

    15/09/2025

    Psychic’s advice cost billionaire heiress $80M in crypto: Report

    15/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025
  • MarketCap
NBTC News
Home»Blockchain»Ethereum Layer-2 networks face significant declines while Base sees record growth
Blockchain

Ethereum Layer-2 networks face significant declines while Base sees record growth

NBTCBy NBTC09/10/2024No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Coinbase-incubated Ethereum Layer-2 network Base has seen activity on the network increase significantly over the last few months despite the general decline in adoption for other Ethereum L2 networks, including leaders such as Arbitrum and Optimism.

According to on-chain data, the combined transaction per second (TPS) for all Ethereum Layer-2 and Layer-3 networks was an average of 254.5 TPS over the 24 hours of October 6. This throughput represents a 73% decline from the all-time high of 440.4 TPS on August 20 and highlights how the Ethereum scaling solutions have been struggling to gain traction in recent months.

For L2s rollups alone, the networks recorded their lowest TPS since June 10, with only 101.8 TPS, representing a 33.5% decline from September 11, when it was at 153.2 TPS.

The networks with the biggest decline were Arbitrum and Linea. Arbitrum recorded just 429,000 active addresses on October 6, far below the all-time high of 1.13 million on May 19. It also saw the transaction count decline 35.7% to 1.7 million from the all-time high of 2.65 million on June 25.

Ethereum vs Layer Networks Transactions. (Source: L2Beats)

Linea was not any better, as user count dropped 87% from its peak of 765,777 on July 21 to less than 100,000 on October 6. The network, managing 55.7 TPS on March 31, is now 95% down to just 2.58 TPS. The decline in Linea activity is mostly due to the end of its point farming period, which required users to participate in several on-chain activities to accumulate points that determine their token distribution in an airdrop.

Although the network has not initiated its airdrop, the end of farming activity means users no longer have the incentives to use the network like before. Meanwhile, other networks also saw their activity decline, with Xai throughput down more than 50% from peak to 66 TPS and PlayBlock TPS down 17% from ATH of 18.1 TPS on September 30.

Base remains the outlier

Despite the decline in throughput for all Ethereum scaling solutions, Base remains a notable outlier. On October 4, the network saw a record high of over 66 TPS, highlighting its higher transaction count and speed.

The network alone also accounted for over 17% of all active addresses for all Ethereum L2s based on the last seven days, recording an all-time high of almost 1.52 million addresses versus 8.82 million addresses for all L2 networks. Interestingly, the number of active addresses for L2 has fallen on a 7-day rolling average from an all-time high of 10 million in early September.

Base reach new highs in activity – Growthepie

Base recent growth is a testament to the network’s resilience and performance, enabling it to become the second-biggest L2 network in terms of total value locked within a year of its launch. Unsurprisingly, it is the only top ten L2 network that saw its TVL grow in the last seven days, rising 1.42% to $7.24 billion, according to L2Beat.

Ethereum L2s record massive profits

Meanwhile, the decline in Ethereum L2 activities has not affected their profitability. Onchain data from Growthepie shows that most L2s have achieved on-chain profits over the last six months, with only Polygon zkEVM and Taiko having losses.

The most profitable is still Base, which generated $26.33 million in revenue over the period, with $25.79 million in profits. Other networks, such as Arbitrum One, OP Mainnet, Linea, and Scroll, also made $10.35 million, $7.47 million, $3.47 million, and $6.09 million in profits, respectively.

Ethereum L2s have wild profit margins – Growthepie

Although these profits only represent on-chain profits, as Ethereum core developer Daniel Lehrner noted, and do not include the off-chain expenses of operating an L2, such as server costs, salaries, and the rest, it remains a sizable profit margin for most of the L2s with Base having a 98% profit margin.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Google Gets $35 Billion Offer for Chrome as AI Browser Fight Escalates

15/09/2025

Unlocking a Revolutionary Era for On-Chain Finance

14/09/2025

Latin American devs favor Ethereum and Polygon over new chains: Report

14/09/2025

GrowHub Signs ESG Blockchain Agreement With Republic of Srpska

14/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

American Express Introduces Blockchain-Based ‘Travel Stamps’

15/09/2025

Dow slips after record highs, focus on Nvidia

15/09/2025

Psychic’s advice cost billionaire heiress $80M in crypto: Report

15/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.