Ethereum’s Layer 2 solutions have achieved a remarkable milestone, reaching 54 transactions per second (TPS) on August 21st. This 5.1-fold increase in transaction throughput has been driven by scaling solutions such as ZKsync and BASE, the latter of which was nurtured by Coinbase’s incubation efforts.First-time transacting wallets have surged, surpassing Ethereum’s activity on occasion. This suggests the emergence of more organic activity, as the surge in new users has led to instances where the network’s activity even outpaced that of Ethereum on specific days during the second quarter.Arbitrum, a roll-up solution integrated with Ethereum and boasting assets totaling $5.77 billion, experienced continued growth throughout the last quarter. This follows a widely anticipated airdrop in March this year, which has led to a substantial increase in the number of new wallets participating in transactions for the first time within the network.Optimism, another well-regarded Ethereum layer-2 scaling solution, which executed its airdrop on May 31, 2022, did not experience a comparable upswing in activity post-airdrop.Ethereum’s Layer 2 solutions have enabled smoother, swifter transactions, making the network more accessible to a wider demographic and fostering greater inclusivity within the ecosystem. This has propelled Ethereum toward broader adoption, alleviating congestion and high fees on the network.

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	Coinbase, FAC, FINRA, Nansen, Optimism
Currencies	Ethereum, Bitcoin, USD, FAC, FINRA
Securities	None