Layer 2 Market Consolidates as Users Gravitate Toward Base, Arbitrum, and Optimism
The Ethereum Layer 2 (L2) ecosystem is experiencing a severe revenue crunch and market consolidation, according to a new report. Collective revenue for L2 networks outside of the top three, Base, Arbitrum, and Optimism, collapsed by 98% between March and May, falling from a peak of $53.8 million to under $1 million.
2025-06-21 02:30:00