Ethereum's Scaling Networks Drive Surge in Transactions and DeFi Activity

Ethereum's ecosystem is gaining momentum as Layer 2 networks and decentralized finance (DeFi) tokens outperform other major crypto sectors. Market trader Daan Crypto noted that Ethereum, Layer 2 networks, and DeFi were among the strongest-performing sectors over the previous week.

Data from GrowthePie shows that Ethereum's scaling networks now process about 94% of all transactions across the combined Ethereum Layer 1 and Layer 2 ecosystem. In fact, Layer 2 networks account for approximately 97% of total throughput across the Ethereum ecosystem, processing around 92.4 million gas units per second compared to about 2.52 million on Ethereum's mainnet.

The growth in activity has coincided with a rise in network value secured by major Layer 2 networks. Base currently secures approximately $14.51 billion, representing about 41% of the value secured across Ethereum's Layer 2 ecosystem. Arbitrum follows with roughly $12.47 billion.