Layer-2 Networks See Explosive Growth, Handle Majority of Ethereum Transactions in Q3 2022

Layer-2 networks hosted 61% of all Ethereum transactions in Q3 2022, per Messari's State of Ethereum report.

Base Protocol saw explosive growth after launch, briefly overtaking Ethereum mainnet transactions.

Arbitrum continues to be the most utilized layer-2, but Base and Optimism are gaining ground.

Analysts predict layer-2 activity will continue to grow as Ethereum upgrades reduce fees.

In the long run, experts expect most DEX trades to move to layer-2s due to lower fees.