{"id":210963,"date":"2023-12-12T14:29:52","date_gmt":"2023-12-12T08:59:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=210963"},"modified":"2023-12-12T14:29:52","modified_gmt":"2023-12-12T08:59:52","slug":"linea-voyage-drives-record-activity-on-layer-2-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/linea-voyage-drives-record-activity-on-layer-2-crypto-news\/","title":{"rendered":"Linea Voyage Drives Record Activity On Layer 2 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Activity on Linea, the recently launched Layer 2 network from Consensys, is surging amid its Voyage campaign.<\/p>\n<p>Transaction throughput on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/consensys-to-launch-linea-zkevm-mainnet-at-ethcc\">Linea<\/a> tagged a new all-time high of nearly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/l2beat.com\/scaling\/activity\">15<\/a> transactions per second (TPS) on Dec.10, according to data from L2beat. The network continues to rank as the second-most active L2 over the past 24 hours with 9 TPS, sitting behind ZkSync Era with 11.3 TPS. Linea also ranks third over the past 30 days with 14.4M transactions behind Arbitrum.<\/p>\n<p>The jump in throughput also drove transaction fees on Linea to an all-time high of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.growthepie.xyz\/fundamentals\/transaction-costs\">$0.87<\/a> on Dec. 10, more than triple that of rival L2s, according to Growthepie. Average fees on Linea currently sit at $0.62, compared to $0.23 on Arbitrum, and $0.19 on ZkSync Era.<\/p>\n<figure><figcaption class=\"text-center text-xs\">Layer 2 transaction fees. Source: Growthepie.<\/figcaption><\/figure>\n<h2>Linea Voyage<\/h2>\n<p>Linea\u2019s impressive performance comes as the network\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/linea-kicks-off-defi-voyage-campaign\">DeFi Voyage campaign<\/a> is close to coming to an end.<\/p>\n<p>Voyage comprises a two-month campaign designed to drive up adoption and liquidity on the network by offering non-transferable <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/vitalik-soulbound-tokens\">Soulbound<\/a> XP tokens as rewards to users who complete specific tasks \u2014 such as engaging with particular DeFi protocols on the network. <\/p>\n<p>Voyage is currently in its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LineaBuild\/status\/1733113194300744108\">seventh<\/a> of nine waves, encouraging users to trade using decentralized exchanges on the network.<\/p>\n<p>However, with some users participating in Voyage out of the hope their XP could qualify them for a future airdrop, it remains to be seen whether Linea\u2019s high levels of activity can be sustained once Voyage is over.<\/p>\n<h2>L2 activity posts new highs<\/h2>\n<p>The success of Linea Voyage coupled with upticks in activity on ZkSync Era and Arbitrum have driven several metrics tracking the growth of Ethereum\u2019s Layer 2 ecosystem to new all-time highs.<\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p>The daily fees paid by Layer 2 users tagged a record high of more than $1.6M over the past 24 hours, with Linea accounting for 47% of the total. The fee volume incurred by L2s submitting transactions to Ethereum\u2019s Layer 1 mainnet also posted a new record high of $1M today, half of which was paid by Linea.<\/p>\n<p>Daily active users posted a new high of roughly 700,000 on Dec. 11, with 50% of wallets interacting with ZkSync Era. Linea hosted a record 163,000 active wallets over the past 24 hours, with the metric up 108% compared to one week ago. More than <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/growthepie_eth\/status\/1734232325569819093\/\">20%<\/a> of L2 users are active across multiple networks.<\/p>\n<figure><img decoding=\"async\" alt=\"the-defiant\" loading=\"lazy\" width=\"766\" height=\"493.78590078328983\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fe1acc4c3efd54d8b8559b29fd4637fcf58fdbfb4-766x394.png&amp;w=828&amp;q=100\" \/><figcaption class=\"text-center text-xs\">Active wallets on L2 networks. Source: Growthepie.<\/figcaption><\/figure>\n<p>The total value locked on Layer 2 networks also spiked to a new all-time high of $16.2B on Dec. 11, according to L2beat. L2s Combined Layer 2 throughput also tagged 66.5 TPS on Dec. 10, its second-highest level on record.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Activity on Linea, the recently launched Layer 2 network from Consensys, is surging amid its Voyage campaign. Transaction throughput on Linea tagged a new all-time high of nearly 15 transactions per second (TPS) on Dec.10, according to data from L2beat. The network continues to rank as the second-most active L2 over the past 24 hours [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":210964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-210963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/210963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=210963"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/210963\/revisions"}],"predecessor-version":[{"id":210966,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/210963\/revisions\/210966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/210964"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=210963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=210963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=210963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}