- Ethereum Layer 2 network gas usage crosses 100 billion.
- Paolo Rebuffo states that there has been double the gas consumed in the last six months.
- Optimism, a scalable L2 blockchain stays on top in terms of usage, followed by Arbitrum.
Entrepreneur Paolo Rebuffo shared the data from Dune Analytics to show the massive consumption of gas by Ethereum layer 2 networks. As per the data, over 100 billion gas has been consumed to validate transactions and also to operate bridges on L1.
In November 2022 for the first time, L2 systems consumed more than 100b gas to validate transactions and operate their bridges on L1. 6 months ago in May 2022 the 50b gas threshold was exceeded for the first time.A doubling time of the gas consumed by the l2 systems of 6 months. ...The post Gas Usage of Ethereum Layer 2 Networks Touches All-time Monthly High appeared first on Coin Edition.