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How Ethereum scaling solutions continue to grow despite market volatility

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The transactions processed between Ethereum and the major L2s hit their second-highest level in the last week.

The upcoming EIP-4844 upgrade could be the game changer for L2s.layer 2 ecosystem has been a beehive of activity in 2023, with new scaling solutions getting onboarded to this already crowded ecosystem on a daily basis. Given their significance and proven track record of unburdening the base layer, it would be tough to imagine a future without the L2s.

And then came the L2 solutions. These chains, built atop the base layer Ethereum, process a large number of low-value transactions and submit the proof to the main blockchain. In this way, Ethereum handles security and decentralization while L2s provide scalability, thus solving the biggest trilemma of blockchain technology.

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