growthepie.xyz 🥧📏 (@growthepie) • Hey
Let's scale Ethereum! Layer 2 fundamentals and blockspace analytics. We are public goods funded 🥧📏
Publications
- We've been cooking something new on our blog:
**Understanding Layer 2 Fees**: A behind-the-scenes look into Fees. 👀🤓
Where to find it? On Mirror of course. 👇
<https://mirror.xyz/blog.growthepie.eth/M32uiQI4e-atNK2CilbqaoTHUjqlvugjxEZaMVALjWY>
- Looking for some games to play Onchain?
Don't forget, you can use our Category Comparison tool to go deeper into the sub-categories and hottest smart contracts! 👍
- .@lens/base is enjoying the highest Throughput with Ethereum security among all the other Layer 2s.
It's now at a constant 5 million gas per second!
- Will we ever see a Fee Flippening?
Ethereum activity continues to move to Layer 2s - even though they are considerably cheaper since the launch of EIP4844, they collect a decent amount in fees.
On March 30th, all L2s combined collected 1/4th of Ethereums total fees.
- Like to see us build harder and better?
Support us by showing us some love, and smashing that like button on @lens/giveth.
Even better so, consider donating a few $, it goes a long way!
Link
https://giveth.io/project/growthepie-analytics-for-ethereum-scaling-solutions
- New metric added! 🥳📈
Track the Throughput of a Layer 2 now, measured in gas per second.
Wonder what it is? 💡👇
- In April confronted with the bears, Layer 2s maintained ground in Total Value Locked.
A hero emerged and its name was @base with a 164% increase in TVL.
- 1.2 million more Monthly Active Addresses joined Layer 2s in April!
The biggest drivers have been @base and Arbitrum.
- 📣 Announcement 📣
Track Manta Network's growth on growthepie now! 🎉
Our team never stops building 🔥, here is the 17th Layer 2 on our platform.
Let's look into Manta's analytics: 👇 🧵
- New Monthly High in Total Transaction Count for Layer 2s.
More than 280 million Transactions were recorded in April 2024.
- Imagine an 85% decrease in your next month's rent.
Well, it turns out it is possible on ETH!
Layer 2s paid 85% less rent to Layer 1 than last month
-
Mantel breaks its records in Active Addresses.
There has been a major uptick in User Activity happening on Mantle in the recent week; a 700% increase!
It's mostly due to reward distribution on MysoFinance which started on April 25th.
- **Congratulations** to Scroll's team and community for a successful switch to Blobs.
Scroll users are now paying 75% less Transaction Fees.
- Layer 2 User Base starts picking up again.
Now at 4.7 million Weekly Active Addresses.
- Check our new Octant Epoch Tracker to see which projects get fresh funding. 💸
Octant is currently running Epoch 3, which funds public goods projects through staking rewards allocation by its users and a matching pool.
- Layer 2 Stablecoin Market Cap reached a total of **$ 8 billion**!
With @lens/base being the biggest driver of this rise.
- .@lens/base Stablecoin Market Cap keeps rising sharply and will soon catch up with Arbitrum
No chain has ever seen such a strong inflow. Most of it is @lens/coinbase assets!
- **Gitcoin Grants 20** is live.
Donate now to our project: You'll find us under dApps & Apps.
Why donate?
- We are happy to announce that Mode is now available on the growthepie Layer 2 analytics platform.
Check this thread to learn about all the things you can learn about mode on growthepie and repost to celebrate the launch with us.
- 25 consecutive days, that @lens/base has been enjoying a whopping 2 million transactions per day!
Wondering what the users are doing? Come here!👇🧵
- Scroll is by far the most expensive Layer 2 to interact with. 💸
Wen blobs?
- With 23% of all the Weekly Active Addresses across Layer 2s, Arbitrum remains the most active Layer 2 in the past week. 🏃♀️💨
- You made us work harder: Switch between Full Dollar and USD cents now in Settings. 🤑
Check up-to-date Ethereum Layer 2 fees now, however you like to read the amount you need to pay as a user.
- Optimism seems to be the most expensive blob-enabled Layer 2 today.
- It is interesting to see, that when OP Mainnet is at its most expensive, the rest of the Layer 2s are at their cheapest.
- Our most anticipated feature is live!
growthepie's Fees page has been launched, and it's nothing like you have seen before!
Check out the thread to learn what you can do with it.
Repost this announcement to celebrate this feature launch with us!
- Two weeks into April, and @lens/base already broke it's last month Total Transaction Count!
Already, 45 million transactions were recorded on Base in April, 50% more than the total in March.
- .@lens/base surpassed the $ 2 billion mark on the Stablecoin Market Cap!
At this rate, it won't be long until it surpasses that of Arbitrum.
- Have some GLM locked into octant.app? The Allocation Window for Epoch 3 just started, and we are part of it! 🥧📏
Help us get funded by allocating your rewards to our project. 🙏🏼
- The majority of the 12% drop in Layer 2 User Base is due to the 60% decrease in Linea's Address Activity in the past week!
Other Layer 2s remained relatively the same from an Activity perspective.
- Daily Fees Paid by Users on @lens/base are on another level!
And it's mostly coming from DeFi activities, and more specifically, Sniper Bot fees from memecoin traders.
- Sniper Bots on @lens/base dominated last week's Top Gas-Consuming smart contracts across all Layer 2s!
- With close to 1.5 million Weekly Active Addresses, Arbitrum comes out as the most active Layer 2 in the past week.
- Ethereum charges much less rent from its tenants.
A few days before EIP 4844:
A daily $ 2.5 million Rent was Paid by Layer 2s.
Now:
Less than 300k!
- Layer 2s significantly increased their Onchain Profits in March.
At $ 44 million in net Onchain Profit, it's 4 times more than February!
- The first time an App-Specific Layer 2 hits, 1 million Daily Transaction Count
Zora is now processing more Transactions daily than zkSync Era.
- The Total Value Locked on @LineaBuild is rising sharply despite lowered activity.
- $ 88 million was spent on Fees Paid by Users in March.
March 2024:
EIP 4844 goes live;
A 70% decrease in Average Monthly Transaction Cost;
A 76% increase in Fees Paid;
A 66% increase in Transaction Count.
- Blast is here on growthepie!
Track and compare Blast's Fundamental Metrics as the 15th Layer 2 on our analytics platform.
- With almost a 400% increase in the past month, @lens/base has now secured its place as the Layer 2 with the most Daily Active Addresses at 432k.
- First time in Onchain history that we are happy when we see -99%.🟩
Median Transaction Costs on Zora are the cheapest today.
- Second consecutive week with more than 5 million Active Addresses on Layer 2s.
@lens/base is number 1 this week!
- 🔵🩵 Both Base and Zora showing huge demand. In comparison, Base of course shows a higher Transaction Count, Zora had a sharp increase over the weekend.
Also many more contracts to be labeled. 📑🤯
- Total Value Locked for Mantle is at almost $ 1 Billion. 🪙📈
And the other metrics show promising signs of growth.
- Linea's Transaction Count drops sharply as Linea Park comes to an end.
- The pie grows ever bigger!
- All Layer 2s combined maintained a Daily Transaction Count of 10 million for a whole week.
More than 70 million Transactions took place in the past week!
- Mantle remains the cheapest Layer 2 to interact with.
- New all-time high in Monthly Transaction Count on Layer 2s!
200 million transactions in the month of March.
5 times more transactions than Ethereum.
- For the first time ever, the number of Daily Active Addresses on @lens/linea surpassed that of zkSync Era.
600k, a new record for Linea!