After Dencun Upgrade: Almost Zero Layer 2 Revenue for Ethereum L1
Publication Time:2024-09-09 22:46:08
Recently, the prominent research firm Galaxy Research released an in-depth report on the X platform, focusing on the economic dynamics of the Ethereum network following the Dencun upgrade. The report highlights a striking phenomenon: the base L1 protocol of Ethereum has seen almost zero revenue from its scaling layer (Layer 2) during this period. This suggests that, while Layer 2 solutions were intended to increase transaction speed and reduce fees, their direct contribution to the Ethereum main chain seems to have faced challenges in the short term. This finding is significant for the future development of the Ethereum ecosystem, as it may impact the development strategies of Layer 2 projects and the extent of user adoption. Future research will continue to monitor this area to understand the underlying causes and long-term effects of these dynamics.
Ethereum
Layer 2
Revenue
Dencun Upgrade
L1 Protocol