leading Ethereum Network Even though prices are struggling to surge, we are seeing serious participation. Following a huge wave of both new and existing investors, ETH mainnet utilization has grown dramatically, reaching adoption levels not seen since its inception.
A historic leap forward for utilizing the Ethereum mainnet
Ethereum A shift is occurring in network adoption. In a significant landmark that cements its dominance, the use of the Ethereum Maninnet has grown to a point where it feels more like a structural awakening than general growth.
Leon Waidmann, founder of the On-Chain Foundation and market expert, said: reported Currently, the utilization of the ETH mainnet is at an all-time high. This kind of surge in network traffic could signal a return of activity from the periphery to the center of the chain, a new application, or a resurgence of confidence in the long-term prospects of the network.
According to data shared by market experts, network usage increased to 1.97 mags/s in the last 30 days, the highest level in history. According to the chart, the new high was reached by more than 57% year-on-year (YoY). ETH Once again, we are moving with determination.
While weak network effects and parasitic Layer 2 are discussed within the community, Waidmann emphasized that the Ethereum mainnet continues to show strong growth and strength. This robust growth is evidenced by: increase in activitySkyrocketing gas prices, rapidly increasing number of ETH being burned.
By combining these key elements for the network, Waidmann argues that ETH can attract more economic load. As a result, leading altcoins can gradually shed their old shells and take on more rigorous financial functions.
Waidmann declared that ETH could become a harder currency and settlement collateral. As a result, ETH started to resemble ETH. The basis of future financial structure Not just a utility token
ETH Layer 2 dominates network transactions.
Amid surging network activity and adoption, Ethereum Layer 2 now dominates the landscape. work A speed that makes the base layer feel almost slow in contrast. The center may still remain, but it is undeniable that the edges are where the current user's actions are.
Last week, Byteman famous The total transactions per second (TPS) across the Ethereum network exceeded 358.21. Meanwhile, a more significant portion of these transactions were conducted on layer 2 networks. According to data shared by the OnChain Foundation founders, Layer 2 controlled more than 95.2% of the total throughput.
These developments mean that execution has moved primarily to layer 2 chains. The main reasons for this can be users, liquidity and developers looking for faster and cheaper channels to conduct transactions. Scaling of ETH It builds on the actual heartbeat of the ecosystem.
Featured image from Peakpx, chart from Tradingview.com
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