L2 transaction volume refers to the aggregate number of operations processed on Layer 2 scaling solutions, which operate atop a main blockchain. These off-chain protocols, such as rollups and sidechains, bundle many transactions together for efficient processing. They then settle the aggregated results on the base layer, significantly reducing congestion and costs on the primary network. This metric indicates the efficiency of scaling solutions.
Context
L2 transaction volume is a key indicator of a blockchain ecosystem’s scalability and user adoption. News often highlights its rapid growth, particularly following significant network upgrades designed to support Layer 2 infrastructure. A critical future development involves the continued expansion of L2 transaction volume as these solutions mature, further offloading traffic from Layer 1 networks and enabling broader decentralized application usage.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
