Ethereum Layer-2s: The Rise of the Second Best
In a shocking turn of events, it seems that Ethereum layer-2 solutions are gaining popularity. According to Token Terminal data shared by Erik Smith, the Chief Investment Officer (CIO) of 401 Financial, there has been a significant increase in active addresses over the past three months. This can only mean one thing: people are actually using Ethereum layer-2s!
The Most Popular Kids on the Block(chain)
When it comes to popularity contests, Polygon is clearly winning. As an Ethereum sidechain, Polygon has managed to capture the hearts and wallets of many users. But let’s not forget about Arbitrum and OP Mainnet – they may not be as cool as Polygon, but they’re still getting some attention.
But wait, there’s more! Base and StarkNet are also making their mark in the world of Ethereum layer-2s. With backing from Coinbase, Base is like the rich kid who always gets what they want. And StarkNet? Well, let’s just say it’s trying its best to fit in.
Active Addresses: The Cool Kids Club
In case you didn’t know, active addresses are like the cool kids at school – everyone wants to be friends with them. These unique wallet addresses have been interacting with the Ethereum blockchain over a given period of time. And guess what? The number of active addresses has been increasing!
Coincidentally (or not), this increase in active addresses corresponds with the rise in crypto prices. As Ethereum prices continue to climb towards resistance levels, we can only imagine how high these numbers will go.
Gas Fees: The Necessary Evil
Ah, gas fees – the bane of every Ethereum user’s existence. But fear not! With the rise of layer-2s, gas fees might become a thing of the past. You see, layer-2 solutions allow for more transactions to be processed off-chain, which means lower fees and happier users.
And here’s some good news for you: gas fees are currently at a multi-year low! So if you’ve been avoiding Ethereum because of those pesky fees, now is your chance to join the party.
The Future Looks Bright
With the increasing adoption of Ethereum layer-2s and the potential for lower gas fees, it seems like things are looking up for Ethereum. Who knows? Maybe one day it will even surpass Bitcoin as everyone’s favorite cryptocurrency. But for now, let’s just enjoy the ride and see where it takes us.
Disclaimer: This article is meant to be satirical and should not be taken seriously. Please consult a financial advisor before making any investment decisions.
