Layers 2 at the heart of attention – Since the transition to Proof of Stake, the network roadmap Ethereum is focused on second layer solutions. Indeed, the latter offer ecosystems similar to Ethereum, while offering much more affordable costs. A strategy that seems to be paying off with a significant increase in activity on L2.
Ethereum Layers 2 posting fee hike
Second layer solutions are evolving alongside Ethereum. However, these inherit the security of the network by periodically publishing the state of the on-chain rollup.
The month of May was marked by a significant increase in costs for Ethereum L2s. Indeed, the fees to publish data and security proofs on the Ethereum mainnet have reached an all-time high of 9,000 ETH. That’s about $16.2 million.
According to data compiled by TheBlock, this represents a increase by a factor of 5 in the fees paid by second layer networks compared to January.
In the L2 landscape, Arbitration is establishing itself as the biggest contributor to posting fees on the mainnet. Thus, the network spent 4,260 ETH for on-chain publicationsor about $7.6 million.
For its part, the network zkSync Era, is hot on the heels of Arbitrum with 2,250 ETH, the equivalent of $4 million. Moreover, it is important to note that for the first time, zkSync Era has surpassed Optimism, the second Layer 2 in terms of TVL.
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The causes of the increase in fees
This rise in data fees is attributed to the increase in transaction fees on the Ethereum mainnet during the month.
As Rebecca Stevens, research analyst at The Block, pointed out:
“Fees paid by Layer 2 networks to publish data to Ethereum already hit a new high in May. The rising gas costs on Ethereum that we have seen have made publishing more expensive. »
In May, average Ethereum transaction fees hit the highest level since the start of the year.
For their part, the costs recorded on the L2 remain well below two of the main layer. Thus, a network like Arbitrum has fees more than 10 times lower than Ethereum.
For its part, zkSync Era continues its ascent by recording a 17% increase in its TVL. On their side, the DeFi protocols are deployed in turn on the solution, with the recent arrival of the giant 1inch.
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