Base Layer 2 (L2) has achieved new all-time highs in multiple metrics, including Total Value Locked (TVL), transaction count, DEX trading volume, stablecoin market cap, and daily active addresses. Ethereum Layer 2 networks have seen significant traction, with transaction counts reaching 20.04 million and a stablecoin market cap of $9.84 billion. The stablecoin market grew by $555 million in October, with $517 billion in transfer volume from fiat-backed stablecoins, marking a 27% increase from September and 85% year-over-year. There were 118 million monthly stablecoin transactions accompanying this volume. Additionally, $860 million was raised by crypto projects in October, a 30% increase compared to September. Notably, only 21% of stablecoins are now used for transactions on exchanges, a significant drop from over 50% in 2021. Users bridged more than $60 million from Ethereum to Solana in October.