Mike Smith
November 20
Analysis of data provided by a cryptocurrency researcher under the pseudonym Slim Daddy shows a significant increase in blockchain transaction volumes. Bitcoin maintains its leading position, having exceeded the $1 trillion mark, while Ethereum confidently holds second place with an indicator of over $640 billion, despite the high level of competition in the industry.
The rapid development of the Base network deserves special attention. Over the course of a year, transaction volumes in this ecosystem have grown from $7 billion to an impressive $182 billion. This underlines the relevance of Layer 2 solutions, which are actively being implemented in both the digital and real economies.
Large networks such as Litecoin, Dogecoin and Bitcoin Cash remain stable, proving their resilience even in conditions of market turbulence. At the same time, the Optimism and Arbitrum platforms continue to demonstrate confident growth. They attract projects from the field of decentralized finance (DeFi) due to low fees and high throughput.
The popularity of Layer 2 solutions such as Base is explained by the growing number of applications that simplify user interaction with alternative networks. This helps to reduce the load on the main blockchains and optimize transaction costs. An additional factor for success is the expansion of technological capabilities, which opens up new horizons for developers and users.
The current changes also reflect the redistribution of capital between blockchains. Reducing fees and integrating technologies into various economic sectors are becoming important drivers of these processes. Increasing throughput and adapting to growing transaction volumes make such solutions key elements of the future infrastructure of the blockchain economy.
Thus, the growing interest in Layer 2 technologies and alternative networks emphasizes their importance for the future development of the industry. These changes are becoming the foundation for creating a more flexible and scalable ecosystem that meets the requirements of the modern market and promotes the integration of blockchain solutions into global economic processes.
