Web3 growth will be synonymous with Ethereum growth
Ethereum maintains a significant lead over competitors like Solana in total value locked (TVL), demonstrating strong trust in its decentralized network. The Ethereum ecosystem benefits from a growing layer-2 (L2) rollup infrastructure, enhancing scalability and market share in Web3. The Superchain, a collective of L2s using Optimism’s OP Stack, is driving increased transaction volume, with over 47% of Ethereum L2 transactions originating from it. L2 fees are low, making Ethereum attractive for emerging markets, particularly for stablecoin use and DeFi applications. Ethereum holds 60% of the TVL in DeFi, with L2s like Base experiencing significant growth. The trend towards Ethereum-based solutions is expected to solidify its dominance in decentralized applications, especially as L2 rollups enhance scalability and user experience.
