July 18, 2025

Layer 2 Market Consolidates as Users Gravitate Toward Base, Arbitrum, and Optimism

The Ethereum Layer 2 (L2) ecosystem is experiencing a severe revenue crunch and market consolidation, according to a new report. Collective revenue for L2 networks outside of the top three, Base, Arbitrum, and Optimism, collapsed by 98% between March and …

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