The state of L2 networks as drapes make use of 2023

• The general L2 sector reached an ATH in regards to day-to-day active users.
• Arbitrum outshined other networks, however its token stopped working to see comparable development.

As optimism rose in the crypto sector, the Layer 2 [L2] area revealed the most development throughout this duration. Especially, the everyday active users on Ethereum’s [ETH] L2 rose to an extraordinary level, exceeding 800,000 at press time.

This amazing development indicated an increasing interest and adoption of Layer 2 services, showing a favorable pattern in the platform’s scalability and user engagement.

As more users turn to Layer 2 for improved deal speed and lowered costs, the sector is poised for significant growth. This might lead to a robust environment in the coming years.

The quantity of #Ethereum L2 users reached an all-time high of over 800,000 daily active users!

Anticipating this number to grow over a minimum of 10 million everyday active users throughout 2024 and 2025. pic.twitter.com/YrwlAiBADj

— Leon Waidmann|On-Chain Insights (@LeonWaidmann) December 4, 2023

L2s rising

Due to the big capacity of this sector, brand-new rivals have actually emerged in the area.

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