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EthereumJune 1, 20264h agoSource: The Block

Ethereum Layer 2 Solutions Reach 5 Million Daily Active Addresses

The combined daily active addresses across all Ethereum Layer 2 solutions has surpassed 5 million for the first time, led by Arbitrum and Base.

Ethereum's Layer 2 ecosystem has crossed a major milestone: combined daily active addresses across Arbitrum, Base, Optimism, and zkSync have exceeded 5 million for the first time.

L2 Ecosystem Breakdown

  • Arbitrum: 1.8M DAU
  • Base: 1.5M DAU
  • Optimism: 900K DAU
  • zkSync Era: 500K DAU
  • StarkNet: 300K DAU

    • Why L2s Are Booming

    Layer 2 solutions offer:

  • 10-100x lower gas fees vs Ethereum mainnet
  • Near-instant transaction finality
  • Full Ethereum security guarantees
  • Growing DeFi, NFT, and gaming ecosystems

    • Implications for ETH

    Despite the migration of activity to L2s, ETH has continued to appreciate. This is because:

  • L2s settle on Ethereum mainnet (creating demand for blockspace)
  • ETH is used as gas token on L2s (via post-EIP-4844 blobs)
  • Restaking growth (EigenLayer) creates new ETH utility

    • Ethereum's modular scaling roadmap is working. The "Ethereum is dead" narrative has been definitively killed. ETH's role as the settlement layer for a thriving L2 economy is creating new value accrual mechanisms.

    For Pakistani users, L2s make DeFi accessible again — Uniswap on Arbitrum costs $0.10-0.50 per swap, vs $5-50 on mainnet.

    Read on The Block