Ethereum’s Ecosystem Sees Massive Growth Fueled by Layer 2 Networks

Ethereum’s ecosystem is experiencing explosive growth, driven in part by a surge of activity on its Layer 2 networks. Recent data shows that active addresses have increased significantly, rising by 62.7% within just one week alone. This dramatic rise indicates a shift in how users interact with the blockchain, as networks like Unichain and Base are gaining traction. These emerging networks capture a significant portion of user engagement – Unichain reaching nearly 40% of the total active addresses while Base boasts about 32%, compared to Ethereum’s main network which lags behind with only 2.06 million active users. [Note: Use this sentence as an opportunity for a brief mention of how and why these specific networks are gaining popularity.]