Ethereum finalized the Dencun upgrade on the 13th of March. For the uninitiated, the upgrade helped to lower costs on Layer-2 networks. So, it was expected that activity would increase.Having this number for the past three weeks was tremendous. However, it was proof that the objectives of the development were working, as new entrants did not need to worry about exorbitant gas fees.
When AMBCrypto analyzed the data, we observed that Polygon led in several metrics. But Base kept it on its heels. For instance, transactions on Polygon were 4 million on the 5th of April. Base, on the other hand, was 3 million while Arbitrum were 1.5 million and 801,400 respectively. However, one other thing we noticed was that, despite Polygon’s numbers, Base outclassed it in fees generated.In the last 30 days, BRETT’s price has increased by 79.18%. At press time, it was market cap was $592 million.
TOSHI’s price jumped by 46.51% within the same period, while its market cap was a little over $179 million. Such numbers imply that the prices and market cap could go higher. Should this be the case, the total L2 transactions on Ethereum might be higher going forward.On Arbitrum, it was a lower higher at 15,500. Optimism, on the other hand, had 10,000. Active addresses measure the daily level of interaction within a network.By comparing the activity with the transaction count, one can observe that fewer market participants were involved in higher transactions from Polygon’s end.
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