Smaller Layer 2 Networks See Revenue Collapse by 98%
Smaller Layer 2 networks saw a 98% revenue drop from March to May 2025. Users and developers are shifting to dominant L2s with stronger fundamentals. Base, Arbitrum, and Optimism tokens show mixed but stable short-term price trends. The Ethereum Layer 2 (L2) ecosystem is experiencing a severe revenue crunch and market consolidation, according to a … Read more