Analytics firm IntoTheBlock says that major Ethereum (ETH<\/a>) layer-2 (L2) protocols are evolving and finding their respective niche.<\/p>\n IntoTheBlock says that Ethereum-scaling solutions Base, Arbitrum (ARB<\/a>) and Optimism (OP<\/a>) are carving out their own paths and creating a \u201crobust and diverse ecosystem.\u201d<\/p>\n Looking at Base first, the analytics firm says<\/a> that Coinbase\u2019s new layer-2 protocol is benefitting from the crypto exchange\u2019s massive user base and the rise of blockchain-based social networking platform Friend.tech.<\/p>\n \u201c<\/span><\/em>Ethereum\u2019s L2 landscape is witnessing a surge of specialization among its key players. <\/span><\/em><\/p>\n Base <\/span>is leading with the highest number of unique addresses and transactions, a momentum driven by Coinbase\u2019s expansive reach. Perfect for social apps like FriendTech to flourish.\u201d<\/em><\/p>\n In a new report, IntoTheBlock notes<\/a> that Friend.tech has attracted more than 100,000 users in just a few weeks after launching.<\/p>\n \u201cThis has led Base to grow a broad reach of retail users, feeding into Coinbase\u2019s strengths.\u201d\u00a0<\/em><\/p>\n Blockchain data shows <\/a>that Base registered over 1.8 million transactions on September 14th, shattering its previous record of around 1.4 million.<\/p>\n IntoTheBlock is also watching the growth of Arbitrum, noting that the layer-2 protocol is dominating the decentralized finance (DeFi) space.<\/p>\n \u201cArbitrum <\/span>maintains unmatched transaction volumes, being home to the most liquid DEXs (decentralized exchanges) and boasting the highest TVL (total valued locked) in the DeFi space.\u201d\u00a0<\/em><\/p>\n As for Optimism, the analytics firm says that the Ethereum-scaling solution has found its niche by serving as the base protocol for other layer-2s.<\/p>\n \u201cOptimism <\/span>is realizing its superchain aspirations, notably with the OP Stack finding utility as the foundational infrastructure for other L2 ventures including Mantle and Base.\u201d\u00a0<\/em><\/p>\n At time of writing, ARB is trading for $0.816 while OP is worth $1.37. Base, which officially launched<\/a> last month, currently has no network token.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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