Since the beginning of this year, the Ethereum mainnet has a net outflow of US$6 billion, 83% of which has flowed to the L2 network
citing data from Artemis, cryptocurrency analyst Michael Nadeau revealed that the Ethereum mainnet has seen a net outflow of $6 billion this year, with 83% of it flowing to Layer 2 (L2) networks. Therefore, Arbitrum has seen a net inflow of $2.4 billion, Optimism has seen a net inflow of $2.2 billion, and Base has seen a net inflow of $1.6 billion so far this year. In addition, Solana has seen a net inflow of $2.36 billion from Ethereum L1, with over $1 billion flowing back to the Ethereum ecosystem (42%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot bitcoin ETFs end positive streak with $438 million outflows; BTC dips to $94,500
U.S. spot bitcoin ETFs reported a total daily outflow of $438 million on Monday.Monday’s net outflow ended a five-day streak of net inflows that brought $3.4 billion into the spot bitcoin ETFs.Meanwhile, bitcoin has retraced some of its gains over the past few days, now trading at around $94,500.
MicroStrategy Buys Additional 55,500 Bitcoins for $5.4 Billion
XRP Price Prediction For November 26
UK Urged to Consider Bitcoin Reserve as Trump Leads Crypto Revolution