Ethereum’s Layer 2 scaling solutions have achieved a historic milestone, collectively processing more transactions than the Ethereum mainnet for the first time. Arbitrum and Optimism led the charge, with Base close behind following its integration with Coinbase’s ecosystem. The total value locked across Layer 2 networks has surpassed $15 billion, representing a 400% increase year-over-year. Developers report that transaction costs on L2s average less than $0.01, making microtransactions and high-frequency trading viable for the first time on Ethereum. Vitalik Buterin highlighted the progress in a recent blog post, emphasizing that the rollup-centric roadmap is delivering on its promises.
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