jakiro
Author: linda bet
In March 2024, Ethereum completed the Cankun upgrade and will focus on the field of Layer2.At the same time, StarkNet and ZKSYNC in the first half of the year successively completed the empty plan, and the four mainstream Layer2 projects have issued tokens.In addition, some new Layer2 projects also performed very well in 2024. For example, Base achieved significant traffic growth in the first half of 2024, surpassing Optimism to become the second largest Layer2.
Despite the strong growth trend in Layer2, the market still has questions about the authenticity of its data.Earlier, the average daily transaction volume and active address of ZKSYNC had been questioned.So, does these surface prosperity truly reflect the actual use of the Internet?
TL; DR:
In the first half of 2024, Arbitrum continued to lead, with a total lock value of US $ 17.15 billion, accounting for 40%of the market share, ranking first.
Base surpasses Optimism with a $ 7 billion TVL, becoming the second largest Layer2 platform.In addition, as of July 28, the average daily transaction volume of Base reached 4 million, which was almost twice that of Arbitrum. At the same time, the number of active addresses exceeded Arbitrum, reaching more than 600,000.
ZKSYNC’s TVL reached 1.12 billion US dollars in the first half of 2024, an increase of about 99%from the beginning of the year.Similarly, Starknet’s TVL fell to US $ 685 million after reaching a historical high of $ 1.776 billion in March, the number of active addresses fell by 92%, and the average daily transaction volume fell by 64.2%.
TAIKO launched the main network in May 2024. Its TVL reached a historical high of $ 190 million on June 5, but then fell to US $ 1634.5 million.The number of active addresses fell by 78.3%after the peak of June.
Scroll tvl increased by 1544%in the previous year, but the increase in the number of active addresses and the average daily transaction volume was relatively small.The number of active addresses increased by 13.4%from the beginning of the year, and the average daily transaction volume rose by 27.7%.
(The source of the data of this article is L2Beat, Growthepie and DEFILLAMA))
Total locking value
Arbitrum led, Base surpassed Optimism to become the second largest layer2
In the first half of 2024, the total lock value of Layer2 ecosystems increased from approximately US $ 22.8 billion at the end of January to US $ 42.97 billion, an increase of about 88%.Among them, Arbitrum, Optimism, and Base are the main contributors.
Since the beginning of 2024, the value of ARBITRUM locking has remained at a leading level.As of July 28, ARBITRUM’s TVL reached about 17.15 billion US dollars, ranking first, accounting for about 40% of the market share, far exceeding the second -ranked BASE 2.4 times.According to DEFILLAMA data, the highest total lock -in -value project on Arbitrum is AAVE, with a lock value of US $ 8126.2 billion, followed by GMX and UNISWAP, US $ 5138.9 million and US $ 325.4 million, respectively.
In addition, it can be seen from the figure below,The total lock value of Arbitrum has a downward trend from March to May. The main reason may be that the Arbitrum team and investors unlock a large number of ARB tokens in March.According to the token UNLOCKS data, as of July 28, ARB’s unlocking progress was temporarily 34%.
As a rising star, since the beginning of 2024,Base has always maintained an upward trend and surpassed Optimism in June, becoming the second largest Layer2.At present, the total lock in the base is about $ 7 billion, an increase of about 716%from the beginning of the year.It can be seen from the figure below that Base has a significant TVL growth in March, which may be due to the continuous growth of Farcaster, the decrease in the GAS cost after the Cancun upgrade, and the popularity of the MEME token, which leads to a significant increase in liquidity on the chain.Promote the growth of TVL.However, the current Base’s TVL is slightly declined, a decrease of about 6.6%from June.
According to DEFILLAMA data, the current DEFI TVL on Base is $ 1.67 billion, of which the native Defi project occupies a dominant position, including Aerodrome (US $ 654 million) and Extra Finance.Aerodrome is currently the highest -locking value DAPP on the base chain, and the second -ranked UNISWAP is more than doubled.
Optimsim’s total lock volume is currently ranked third. It reached the historical high in the first half of the year on March 10, 2024, and then fell slightly, but the overall was relatively stable, and was eventually overtaken by Base in June.According to DEFILLAMA data, the top three projects in the Optimism ecological TVL are AAVE V3, Synthetix and Velodrome.But in the past month, the TVL of these projects has shown a downward trend.
Scroll has reached a record high, and TAIKO TVL has fallen after a historical high
on the other hand,The total lock value of Scroll in 2024 has repeatedly reached a record high, and it has reached $ 1.3 billion., Ranked fourth in Layer2 selected in this article, with an increase of 1544%.This growth may be attributed to a series of activities launched by Scroll at the level of user and developers.Scroll launched Scroll Sessions in April and launched Session One on June 21, which aims to specially reward DEFI users who provide liquidity in DEX.In addition, Scroll also launched the “Level Up with Scroll” platform to allow developers to apply for ecological funding.
According to DEFILLAMA data, the number one project on Scroll’s total lock -in value is PENCILS Protocol, which has a lock -up value of US $ 3.108.7 million, an increase of 317%in the past month.It is worth noting that the total lock value of Scroll DEFI is US $ 7690.2 billion, and the total lock value of the top three projects in its ecology accounts for more than 95% of the market share.
TAIKO launched the main network on May 27, 2024.It can be seen from the figure below that TAIKO TVL reached a historical high of about $ 900 million on June 5, and has fallen to US $ 1634.5 million.As a newly online main network, TAIKO TVL is lower than other well -known Layer2, but it is actively expanding the ecosystem.For example, in DEFI applications, TAIKO has integrated more than 80 projects including Layerzero, Stargate, Oku Trade.
According to DEFILLAMA data, the top three projects of TAIKO currently have the top three projects of the total locking value. The multi -chain DEX platform Iziswap and Uniswap V3, a decentralized perpetual trading platform DTX, Izumi Finance, respectively.Overall, the TAIKO ecological project TVL is not high, and DTX occupies a significant market share.
ZKSYNC and SATRKNET are facing ecological dilemma, and the value of locking in the lock after airdrop declines
As of now, ZKSYNC’s total locking value is 1.12 billion US dollars, an increase of about 99%from the beginning of the year.It can be seen from the figure below that ZKSYNC’s TVL has increased significantly in June, mainly due to its airdrop plan announced on June 11.According to the plan, ZKSYNC shot 3.6 billion tokens to members of the community on June 17, with a total of 695,232 qualified wallet addresses.However, NANSEN data shows that after the ZKSYNC airdrop, more than 40% of the main receivers sold all allocated tokens and 41.4% sold some allocated tokens.Only 17.9% still hold tokens.
In addition, although the ZKSYNC ecosystem has integrated more than 200 projects,But from the data point of view, only 2 projects have more than 10 million US dollars.The first TVL project is SyncsWap, and TVL reaches 35.17 million US dollars, which is an absolute leader.In addition, the top three projects Syncswap, KOI Finance and ZKSWAP Finance have declined in the past month.In general, for ZKSYNC, the effect of airdrops is just the beginning. Ecological problems and sustainable development issues are the content that requires focus.
Similarly, in the first half of 2024, the total locking value of StarkNet began to rise significantly on February 20, and reached a record high on March 14 to $ 1.776 billion.This growth is mainly promoted by the StarkNet Spring DEFI Incentive Program launched by the Strk token airdrop plan and the Starknet Foundation.However, as of now, StarkNet’s TVL has fallen to about $ 685 million, a decrease of about 61%from the peak.
In terms of ecology, the Starknet ecology has now integrated more than 100 applications.The top five projects on Starknet’s total locking value are Starknet native projects.The first ranking is Nostra, with a lock -up value of US $ 164.6 million; the second ranking is the decentralized exchange EKUBO. In the past month, TVL has increased by 61.95%.Currently $ 77.98 million; the third place is the lending agreement ZKLEND, and TVL is $ 26.7 million.However, there are only four projects of more than 10 million US dollars in the Starknet ecosystem, and the fifth -ranked lending agreement Vesu TVL is only $ 3.77 million.
Number of active addresses and the number of transactions
In addition to TVL, the number of active addresses of the network and the average daily transaction volume can reflect the actual usage of the network and user participation.In the first half of 2024, Arbitrum and Base’s users were more active, while ZKSYNC and Starknet had a significant decline.Optimism and Scroll show stable growth, although the increase is relatively small.
ARBITRUM’s active address surge is 140.7%, Base daily transaction volume exceeds 4 million strokes
Since the beginning of 2024,ARBITRUM’s active address increased by 140.7%.This growth is due to the large -scale subsidy and fund support strategies implemented by Arbitrum.For example, the Arbitrum community in JunepassA proposal provides support for the ARBITRUM ecological game for three years, totaling 200 million ARB, and dialing $ 25 million for project management and operation.In addition, the Arbitrum Foundation provides financial support to 13 projects including DODO and Double in May.However, the average daily transaction volume of Arbitrum increased by only 43.7%from the beginning of the year, and the increase was less than the number of active addresses.This may be that although a large number of new users have created addresses, they have not traded frequently, or main low -frequency trading activities.
At present, the average daily transactions and active addresses of Base are currently higher than Arbitrum.As can be seen from the figure below, in early 2024, the number of daily transactions of Base was only 330,000, while Arbitrum was about 1 million.Since March 2024, Base’s daily trading volume has begun to rise significantly, and a new high on June 27th.As of July 22, Base’s daily transaction reached more than 4 million, which was almost twice that of Arbitrum.At the same time, the number of active addresses of Base has also risen, which has exceeded Arbitrum, reaching more than 600,000.In addition to the influence of Memecoin and SocialFi, the smart wallet launched by Coinbase has also played an important role in improving user experience and transaction volume.The intelligent wallet provides a simplified and GAS chain experience. Users can create a free, safe, and self -custody wallet within a few seconds, which significantly improves users’ transaction convenience.
The number of active addresses and average daily transaction volume of ZKSYNC and Starknet has declined significantly
In the first half of 2024, the number of active addresses and daily transactions in the ZKSYNC ecosystem declined significantly.At the beginning of the year, the number of active addresses of ZKSYNC ranked first, but gradually declined.As can be seen from the figure below,Within one month after ZKSYNC airdrops on June 17, 2024, the number of active addresses on the Internet has decreased by about 83.5%.This shows that most users are just to get airdropsEssenceIn addition, the average daily transaction volume of ZKSYNC has also declined since the beginning of the year, which is currently decreased by about 86%compared with the beginning of the year.Similar to the number of active addresses, the average daily transaction volume has fallen significantly within one month after the airdrop.
On July 2nd, ZKSYNC announced the launch of ZKSYNC 3.0 Elastic Chain, which is an infinitely expanded ZK Rollup network.ZKSYNC said that this solution realizes the native, unwritten, and low -cost interoperability of the ZK chain.However, whether it can seize Optimism’s Superchain and Polygon’s Agglayer’s market share on the market still takes time to verify.
Similar to ZKSYNC, the average daily transaction volume and active address quantity of Starknet also declined in the first half of 2024.As of now, the average daily transaction volume of Starknet has decreased by about 64.2%from the beginning of the year, while the number of active addresses has decreased by about 92%over the beginning of the year.In several Layer2 schemes selected herein, the daily transaction volume and active address of StarkNet are in the countdown.It can be seen from the figure that the number of active addresses of StarkNet and the daily transaction volume increased at a small wave at the beginning of the year, mainly due to the February airdrop plan, but after the airdrop, its active address and daily average transaction volume began to gradually decline.In the future, Starknet also plans to spend about $ 400 million in STRK tokens.
However, StarkNet has a number of updates in the second half of the year.The Starknet community has released V0.13.2 and summer roadmap updates. It is expected to launch V0.13.2 versions in August, and version V0.13.3 is launched from October to November.At the recent Brussels ETHCC summit, Eli Ben-Sasson also announced that Starknet will be opened for pledge at the end of 2024.
Optimism and Scroll have grown steadily, and the active addresses rose 35% and 13.4% respectively
Optimism’s development in the first half of 2024 was relatively stable.The average daily transaction quantity and active address rose slightly from the beginning of the year. The number of active addresses increased by 35%from the beginning of the year, and the average daily transaction number rose by 14%.As can be seen from the figure below,The number of active addresses and daily transactions of Optimism has a small peak fluctuations. These fluctuations may be related to specific progress or market activities.For example, Optimism announced in May that the L3 built by OP Stack can now be added to the super chain, and is eligible to obtain RETRO funds, airdrops and growth activities.In addition, the Retro Funding of Optimism has been distributed in four rounds from May, and a total of 850 million OPs are distributed to fund projects or personnel in the ecosystem.These activities and incentive measures may promote the increase in the number of active addresses.
In the first half of 2024, the number of active addresses of Scroll increased by 13.4%from the beginning of the year, and the average daily transaction volume rose by 27.7%.Different from the increase in Scroll TVL, the number of active addresses and daily average transaction volume has not increased much.
After the main network of Taiko, the active address decreased by 78.3% compared with the peak
It can be seen from the figure below that the number of active addresses of TAIKO has risen sharply from June 4th to 5th, and then began to fall. The main reason may be that the TAIKO token was launched on the Bitget exchange on June 5.Since then, the number of active addresses has fallen, and after June 11, a slight rise has fallen again. Currently, it is about 40,000, a decrease of 78.3%from the peak value.In addition, the average daily transaction volume of TAIKO reached a historical high on June 30. At present, 1.35 million strokes, the higher point decreased by about 38.4%.
In addition, after the main online online, some community members said that TAIKO costs higher than other L2 protocols in the Ethereum.In this regard, TaikoRespondIt is said that this is mainly because it involves more logic and storage.The current implementation of multiple upgrades can be used, increasing additional commission call costs.And TAIKO’s block is not proposed or proved by batch. The proposal needs to interact more frequently with Ethereum to compete block space and ensure the activity of the chain.Because the Ring Buffer is not exhausted, the storage writing cost is also high.TAIKO said this situation will be improved in about 40 to 60 days.It is worth noting,The main network of TAIKO has been successfully upgraded to V1.7.0 on July 2, which is expected to significantly reduce the GAS occupation of the Rollup protocol on the Ethereum.
Summarize
Overall, whether it is the old Layer2 project or the new Layer2 project, the diversified development trend showed in the first half of 2024.However, there are some problems in this field, such as the decline in user participation of ZKSYNC and StarkNet after airdrops, reflecting excessive dependence on short -term incentives.Although Scroll and TAIKO have significantly increased TVL, they need to challenge the activeness of users and need more comprehensive ecological development.This also means that with the continuous evolution of the market, major Layer2 projects still need to continue to innovate and expand to ensure sustainable growth and user participation.
