The Evolution of the Landscape between Ethereum Layer 2 and Public Chains

The Ethereum Layer 2 ecosystem is currently developing rapidly, forming direct competition with other public chains. From multiple dimensions, Layer 2 has already shown strong competitiveness:

1. DeFi Ecosystem Scale

The TVL and trading volume rankings of Arbitrum and Optimism have entered the top tier, surpassing most public chains. In terms of daily trading volume in DeFi, Arbitrum ranks third and Optimism ranks fifth, only behind a few of the most active public chains.

2. Project Ecosystem Development

The projects in DeFi, NFT, GameFi, etc. on Layer2 are already quite abundant. Many mainstream DeFi protocols such as Aave and Uniswap have been deployed on Layer2. At the same time, some promising native Layer2 projects have also emerged, such as TreasureDAO and GMX on Arbitrum.

3. Active Addresses

Currently, the daily active addresses on BSC, Ethereum, and Solana are still higher than those on Arbitrum and Optimism. However, the trend shows that daily active users on Layer 2 are rapidly increasing, while some public chains are showing a downward trend.

4. Trading Volume

The trading volume of Layer 2 has been on an upward trend. The daily trading volume of Arbitrum and Optimism has reached over 300,000 and is expected to soon surpass the Ethereum mainnet.

5. Transaction Fees

The transaction fees on Layer 2 are already very low, with sending Ether costing only a few cents. In the future, with the implementation of technologies like EIP-4844, there is further room for a significant decrease in Layer 2 fees, potentially falling below most standalone public chains.

6. TPS

The theoretical TPS of Layer 2 can reach 1000-4000, and it is expected to exceed 100,000 TPS in the future. This will greatly surpass existing high-performance public chains.

In summary, Layer2 is showing strong development momentum in all aspects. As the technology matures further, Layer2 is likely to gain a competitive advantage over public chains in the next 5-10 years and become a major force in the blockchain ecosystem. However, blockchain technology is still rapidly evolving, and new technological paths may emerge in the future, disrupting the existing landscape. We need to continuously monitor the developments in this field.

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