zkSync leads the L2 fee race despite steady TVL. While Ethereum’s L2 ecosystem thrives, zkSync’s 3.79% market share tells a tale of competition and growth.layer 2 networks have been quite active over the past month. However, the fees they generated differed. Recent data indicated thatgenerated the most fees among the analyzed Layer 2 networks in the past 30 days. During this period, zkSync accrued $4.1 million in fees.
However, it’s important to note that despite the relatively flat TVL trend, there has been noticeable activity when it comes to trading volume. At the time of this writing, the trading volume in the last 24 hours reached nearly $63.5 million. This heightened trading activity helps explain how, the TVL in L2 solutions was around $12 billion at the time of this report. Among the various L2 solutions, zkSync held the fourth-highest position in terms of TVL contribution.
Its contribution accounted for a 3.79% share of the market, with Arbitrum being the dominant player in the L2 space, holding the controlling share.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.