Evolution of the Landscape of Ethereum L2 and Public Chains

The blockchain industry is currently experiencing rapid development, let's observe the direction of Ethereum technology evolution through some key data and trends.

1. TVL and Trading Volume of DeFi

The TVL rankings of Arbitrum and Optimism have entered the top ten, with DeFi daily trading volumes ranking third and fifth, respectively. This reflects that the activity of L2 networks is rapidly increasing, surpassing most public chains.

2. Development of Ecological Projects

The DeFi, NFT, and GameFi projects on L2 are relatively complete, with not only mainstream DeFi protocols migrating but also some promising native projects emerging. For example, the gaming ecosystem TreasureDAO and the DeFi project GMX on Arbitrum both show good development momentum.

According to the data, both Arbitrum and Optimism have dozens of projects with user addresses and monthly active addresses exceeding 10,000. This indicates that the L2 ecosystem has reached a certain scale, and with technological advancements, the development speed may further accelerate in the future.

3. Active Addresses Count

From the daily active user data, BSC, Ethereum, and Solana are still higher than Arbitrum and Optimism, but L2 networks show a clear upward trend. In the future, with the implementation of technologies like EIP-4844, the daily active addresses of L2 are expected to continue to increase significantly.

4. Trading Quantity

The number of transactions on L2 continues to rise and will soon stabilize above the Ethereum mainnet. However, it is important to note that the number of transactions does not completely reflect the true activity of the chain; it is necessary to consider the number of active dApp users and interaction volume in the ecosystem for a comprehensive assessment.

5. Fees

Currently, the transaction fees on L2 are very low, sending Ether only costs a few cents. Compared to other public chains, the fee advantage of L2 is already very obvious, except for Solana. In the future, as technologies like EIP-4844 are implemented, L2 fees could further decrease, possibly falling below most public chains.

6. TPS

Although the current TPS of L2 still lags behind some high-performance public chains, theoretically, with technological advancements, L2 can achieve over 100,000 TPS. This will give it a strong competitive edge in terms of performance.

Summary

Overall, Ethereum L2 is expected to gain a competitive advantage over other public chains in the next 5-10 years. However, the blockchain industry is developing rapidly, and there remains the possibility of technological breakthroughs leading to changes in the landscape. The future is likely to be characterized by the coexistence of multiple chains, with Ethereum and its L2 networks expected to become one of the most important ecosystems.

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