Ethereum’s Layer 1 and Layer 2 chains have noted a consistent increase in activity in 2024.
Monthly active users on Ethereum chain’s Layer 1 and 2 projects have crossed 25 million per Token Terminal data. Despite the rise of Ethereum ’s competitors like Solana, with the meme coin narrative, Ether remains relevant among traders. Total value locked in Layer 2 and 3 projects exceeds $43.99 billion at the time of writing. Monthly active users have surpassed the 25 million milestone per data aggregator Token Terminal.
At a time when competitors like Solana have seen a spike in mindshare and the number of projects being launched every day, Ether holds its ground, per Token Terminal data, early on Tuesday, June 18. Ethereum Layer 1 and 2 MAUs Data from crypto tracker L2Beat shows that the total value locked in Layer 2 and 3 projects in the ecosystem exceeds $43.99 billion, at the time of writing.
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