Layer 2 Networks Account For Nearly Two-Thirds of Ethereum Transactions: Report
Ethereum’s layer 2 networks have gained significant traction in the past few years as developers seek faster and cheaper solutions to interact with the blockchain. According to a new report released by blockchain intelli...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to a new report released by blockchain intelligence firm, Messari, layer 2 solutions recorded 61% of the entire Ethereum (ETH) transactions in Q3 2023....
Read More: Layer 2 Networks Account For Nearly Two-Thirds of Ethereum Transactions: Report
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Coinbase Unveils AiFi After $100M in x402 Transactions, Targeting AI Agent Payments
Key Takeaways: Coinbase has announced the launch of its financial infrastructure initiative, AiFi, centered on the new AI agent ec...
Forced liquidations begin in 30 days for business crypto accounts missing new verification rules on Bybit
Bybit has given some Brazilian business users until Aug. 21 to complete additional verification. Accounts that miss a requested up...
Slowing ETF demand and corporate treasury selling are breaking the math behind Wall Street’s $16 trillion Bitcoin target
Bitcoin market cap must rise to ARK Invest's roughly $16 trillion 2030 base case, requiring about 78.6% annual growth from the cur...
Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96%
Cboe BZX is asking the Securities and Exchange Commission (SEC) for an exception to its own generic listing rules so it can list f...
Wall Street finally turned staking into a dividend, now Ethereum and Solana want to shrink it
Grayscale's July 17 SEC filings said its Ethereum and Solana staking ETFs would convert staking rewards to cash and distribute the...
Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more
Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 bil...