Optimism, Arbitrum and how 2023 was the year of the L2s
2023 saw increased L2 usage
Ethereum’s transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism – “Merge” – in September 2022 propelled the demand for the network.
Base’s not-so-brief stint at the top of the world
In August, the launch of Base, Coinbase’s scaling solution built on Ethereum, onboarded a new cohort of users into the L2 ecosystem. Less than a month after Base launched, user activity on the network surpassed that of already-existing protocols such as Arbitrum and Optimism [OP].
User activity on Optimism and Arbitrum in December
The last month of the year saw an uptick in user activity on Optimism. According to data from Etherscan, daily transaction count grew by 40%.
