ETH L2s see surging activity

Transactions for #ETH and its L2s are continuing to reach all-time highs," said a financial analyst at VanEck. Meanwhile, more than $500K ETH was "burned" and removed from the total ETH supply last week as a result of increasing L2 usage.

Rising Layer 2 activity, led by Base and Arbitrum, is helping to make #Ethereum faster and more affordable.