Ethereum Mainnet

After eight years of hibernation, a participant in the Ethereum initial coin offering awoke and transferred all 61,216 of their Ethereum to the Kraken Exchange. Who are these guys who can leave Ethereum worth 116 million dollars sit there for eight years while doing nothing at all? You're doing nothing with it, which, by the way, at the height of the Bull Run would have exceeded roughly $250 million dollars. Additionally, you haven't stabbed it at all during this period. Your 61 000 Ethereum will earn you some really great stake payouts. Every time we encounter one of these stories—and they pop up every few months—I am really floored, and I never know what to do with myself afterwards. How much money do you need to have to be unconcerned with $100,000,000 lying around in an exchange.

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Transactions between the Ethereum Mainnet and Layer 2 over time have been incredibly impressive since they have demonstrated the utility of Ethereum Layer 2s. Since a long time ago, Ethereum's Mainnet has averaged between 800,000 and 1 million daily transactions. What we've observed is that all of these Layer Two networks started to emerge about a year and a half ago, and we gradually witnessed an increase in the volume of transactions until, approximately six to twelve months ago, we saw these integrated. In particular if you take. When all these diverse Layer Two networks were combined by Arbitrum and Optimism, Ethereum Layer 2's drastically outperformed Layer 1 in terms of transaction volume.

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We have almost three times the Mainnet activity right now. Although we are near the beginning of the Bull Run, we are not yet in the Bull Run. These numbers will skyrocket since Ethereum Mainchain's problems won't be resolved for a very long time, as is the case in reality. In Layer 2 territory, you'll be paying pennies, and Ethereum's EIP4844, which will be released later this year, may cut gas rates for existing Ethereum layer 2 networks including Arbitrum, Optimism, Linea, Base, mantle, ZK sync, and several others. Their gas costs will be reduced by 100x or more as a result.