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Ethereum Ecosystem @ L2Beat.com - Part 4
Dave Levine Dot Com Usefulness of L2beat.com:
L2Beat.com is recommended as a resource to track Ethereum's growth and adoption, and to compare it with other blockchains.
Transactional Growth on Ethereum:
L2beat.com shows e the growth in transactions on Ethereum's Layer 2 chains. See the 400% increase in transactional volume over the past year, indicating robust growth in the Ethereum ecosystem.
Layer 1 vs. Layer 2 Chains:
While the base layer has a stable transaction rate, the growth is primarily on Layer 2 chains.
Total Value Locked (TVL) in Ethereum:
TVL in Ethereum's blockchain has increased over 300%, indicating substantial financial activity and growth. L2Beat shows which chains are locking up the most money.
Comparison with Other Blockchains:
The video compares Ethereum's growth with other blockchains like Solana and Avalanche, emphasizing the importance of considering the entire ecosystem, including subnets and shards, when making comparisons.
Security and Development of Chains:
L2Beat helps you monitor ongoing development and security aspects of different Ethereum chains. The importance of trust in the leadership of these chains and cautious investment strategies is discussed.
Future of Ethereum's Main Chain:
There's speculation that, in the long run, Ethereum's main chain will primarily be used for settlements by large entities like banks and countries.
The layer 2 chains will be used by individuals on consumer facing applications with final settlement going to the main chain.
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