📊 Layer 2 Ecosystem March Observation: Who is Really Carrying Over Users?
The Ethereum Layer 2 ecosystem continues to diverge this year, with only one core question: Who has real users, and who is just playing a numbers game with TVL (Total Value Limit)?
📊 Several Judgment Dimensions
① Daily Active Users/Weekly Active Users: Only truly active users can support sustained protocol revenue.
② DEX On-Chain Transaction Volume Share: On which L2 platform do Uniswap, Curve, etc., have higher transaction volumes?
③ Bridge Funding Net Flow: Is funding flowing in or out? Net inflow reflects true confidence.
④ Blob Usage (Even More Crucial After Pectra): Blobs represent the cost of submitting data from an L2 platform to the mainnet; usage equals activity level.
🔑 Conclusion: Not every L2 platform is worth holding long-term. Choosing platforms with genuine users and ecosystems is more important than choosing "low-priced" platforms.
For reference only, not investment advice.
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