Ethereum Layer 2 Competition Heats Up
The trading volume of Ethereum Layer 2 solutions (such as Arbitrum and Optimism) has surged recently, as high mainnet gas fees have prompted users to turn to Layer 2 networks. Ecosystem projects are competing to launch airdrops and incentive programs to attract capital. ZK-Rollup technologies like zkSync and StarkNet are highly anticipated, but compatibility and user experience remain challenges. With the Cancun upgrade implemented, Layer 2 performance may further improve, becoming the core narrative of the Ethereum ecosystem in 2024.