Data Suggests Ethereum Layer-2 Tokens May Experience Explosive Upside

While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem.
As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented.
Ethereum gas spent to settle L2 transactions. Source: Twitter
Blockchain analytics firm Nansen