The post Most L2 platforms host general-purpose traffic appeared on BitcoinEthereumNews.com.

More than half of the well-developed L2 platforms host general-purpose traffic. Specialized chains are fewer, and carry only about 10% of total transactions.  L2 chains have varied use cases, but the bulk of traffic is general-purpose. This is how Growthepie classifies most of the available L2 that make up the scalable Ethereum-based economy. While some of the L2 have attracted usable apps, others remain highly generic and find it difficult to draw traffic beyond the initial airdrop farming stage. For L2 chains, there is always a predominance of one type of traffic. But the bigger the chain, the more non-specific transactions and token transfers it hosts. Mature L2 chains are also beyond their airdrop farming stage, while trying to build organic traffic. The L2 chains make up more than 97% of all active addresses. Only a handful of L2 chains specifically advertise as a single-purpose network. They include Zora, a dedicated NFT chain, Redstone and ImmutableX for gaming, Rhino.fi, a specialized bridge chain. Specialized L2 Derived and Orderly focus on hosting exchanges and DEX trading activity. For general-purpose chains, their specialization is usually defined by the leading apps. In the case of the top chains, DeFi apps like Uniswap and Aave. The bulk of Aave activity and value lies in the users of Aave, GMS, and Uniswap, turning it into a DeFi hub. Smaller exchanges like Blast focus on DEX activity and other small-scale native protocols for yield farming.  L2 split on stablecoin inflows One of te significant splits among L2 chains is whether they are stablecoin recipients. Older chains have a bigger share of stablecoin inflows, with the biggest recipients being Polygon, Optimism, and Arbitrum.  Arbitrum remains the most liquid L2 by stablecoin supply. | Source: Growthepie Arbitrum remains the biggest stablecoin carrier, still not surpassed by Base and…

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Filed under: News - @ October 7, 2024 6:21 pm