Ethereum Layer 1 and 2 monthly active users surpass 25 million milestone amidst crypto bloodbath

• Month-to-month lively customers on Ethereum chain’s Layer 1 and a pair of initiatives have crossed 25 million per Token Terminal knowledge.
• Regardless of the rise of Ethereum’s rivals like Solana, with the meme coin narrative, Ether stays related amongst merchants.
• Whole worth locked in Layer 2 and three initiatives exceeds $43.99 billion on the time of writing.

Ethereum’s Layer 1 and Layer 2 chains have famous a constant enhance in exercise in 2024. Month-to-month lively customers (MAU) have surpassed the 25 million milestone per knowledge aggregator Token Terminal.

Regardless of the rise in several narratives like meme cash and celeb tokens that made Solana chain – Ethereum’s competitor – well-liked amongst merchants, Ether has seen a spike in lively customers.

Ethereum Layer 1 and a pair of month-to-month lively consumer rely hits milestone

Crypto knowledge aggregator Token Terminal reveals that Ethereum Layer 1 and a pair of month-to-month lively consumer rely exceeded 25 million. At a time when rivals like Solana have seen a spike in mindshare (consideration from market contributors) and the variety of initiatives being launched each day, Ether holds its floor, per Token Terminal knowledge, early on Tuesday, June 18.

Ethereum Layer 1 and a pair of MAUs

Information from crypto tracker L2Beat reveals that the overall worth locked (TVL) in Layer 2 and three initiatives within the ecosystem exceeds $43.99 billion, on the time of writing.

Whole Worth Locked in Layer 2 and three chains as seen on L2Beat

With a major decline in Layer 2 charges, there’s a rise within the chains’ adoption amongst merchants. It is a contributor to the surge in month-to-month lively customers on Ethereum. Month-to-month charges are down from $18 to $3 between June 2023 and 2024, as seen within the chart beneath.

Month-to-month Layer 2 charges change from June 2023 to June 2024

Prime Ethereum Layer 2 scaling tokens Polygon (MATIC), Mantle (MNT), Optimism (OP) prolonged their losses between 5% and 9% up to now 24 hours, per CoinGecko knowledge.

The market capitalization of Layer 2 tokens is down over 11% up to now 24 hours, providing merchants a “purchase the dip” alternative on Tuesday.