🚀Layer 2s Drive Record On-Chain Throughput

Together with

GM Defiers!

The combined transaction throughput of Ethereum's Layer 2 networks is at all-time highs, currently beating out the Ethereum mainnet by more than five times.

The record was driven by surging adoption of ZkSync Era and Base, with Era outpacing Ethereum yesterday and Base beating mainnet by nearly 30% today.

Base's surging activity comes amid the spectacular success of Friend Tech, an app allowing users to speculate on NFTs associated with public Twitter profiles.

Friend Tech is now the top-ranked dApp by daily fee revenue, beating out the likes of Lido and Uniswap.

✍️ In today’s newsletter:

Layer 2 activity breaks into new highs
Friend Tech daily fee revenue soars to $1.7M

🎬 WATCH

Watch our video examining the recent decline of DeFi. And check out our podcast with Jon Hillis , the creator of Cabin, a network protocol for remote workers.

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