Soaring growth of Ethereum layer-2 networks set to continue in 2023

Ethereum layer-2 networks person gone done an explosive maturation signifier implicit the past mates of months a inclination that is acceptable to proceed successful 2023.

According to caller data, the starring layer-2 networks person seen an summation successful regular progressive users which has translated into a maturation successful fees for the respective ecosystems.

According to analytics supplier Token Terminal, Polygon leads the battalion with 313,457 regular progressive users arsenic of Jan. 17. Additionally, the metric spiked to implicit 600,000 regular progressive users earlier successful January.

It marks a 30% summation successful enactment since the opening of October 2022 which has resulted successful astir $55,000 worthy of regular fees for Polygon.

Optimism has seen adjacent faster maturation with a 190% summation successful regular progressive users implicit the past 3 months. This resulted successful regular web fees of $119,475, a summation of astir 140% since the opening of the year.

Arbitrum One presently has 41,694 regular progressive users, an summation of astir 40% implicit the past 3 months. Daily fees connected the web are conscionable implicit $40,000 according to the data.

— Token Terminal (@tokenterminal) January 18, 2023

Meanwhile, information from L2 ecosystem analytics level L2beat states that Arbitrum has a marketplace stock of 52% successful presumption of full worth locked (TVL) which is presently $2.55 billion. It has seen a 9% summation successful TVL implicit the past week.

Optimism, the 2nd largest L2 network, has a TVL of $1.46 cardinal giving it a marketplace stock of 30%. Its collateral locked has surged by 15% implicit the past 7 days.

The 2 unneurotic relationship for much than 80% of each the collateral locked successful layer-2 platforms.

Related: Optimism and Arbitrum flip Ethereum successful combined transaction volume

There has been an summation of astir 10% successful TVL for each L2s implicit the past week, pushing it up to $4.89 billion. However, the full fig is inactive down 34% since its highest level successful April 2022.

Nevertheless, this diminution is little than fractional of the retreat DeFi TVL has made since its all-time high. DeFi collateral has declined by 75% since December 2021, according to DeFiLlama, suggesting that determination is greater request and momentum for layer-2 networks astatine the moment.