@meredithdora
Ethereum’s Layer 2 networks have seen mixed results in 2024. Some solutions have achieved strong adoption and revenue growth, particularly those enhancing transaction throughput and reducing fees. Layer 2 adoption has been driven by DeFi activity, NFT marketplaces, and gaming, providing users with faster, cheaper interactions. However, the sector remains fragmented, and not all networks have performed equally well in attracting liquidity and users. Overall, Ethereum’s Layer 2 ecosystem demonstrates ongoing maturation, with promising technical progress and real-world usage, though competition and market fragmentation continue to challenge consistent revenue generation across all solutions.
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