
Following the recent Dencun upgrade, Ethereum's rollup transactions have seen a significant increase, with daily transactions doubling or even tripling in a short period. This surge in activity is part of a broader trend in the Ethereum ecosystem, where Layer 2 (L2) networks are experiencing considerable growth in both transactions and asset values. Notably, the Base and Blast networks have emerged as key players in this space, with Base showing remarkable progress. Following the implementation of EIP-4844, Base's Total Value Locked (TVL) has reached $2 billion, rapidly approaching Solana's $4 billion TVL, and is about to flip Blast to become the third-largest Ethereum L2 by TVL. This growth is attributed to an influx of new users and increased usage volume, which has also led to a rise in transaction fees. The competition between Base, aimed at a broader audience, and Blast, designed for pro users with a focus on DeFi and high-risk investments, is intensifying. This dynamic landscape highlights the increasing competitiveness and innovation within Ethereum's L2 networks, promising to scale the blockchain to over a billion on-chain users.


