Welcome to Part 2 of our in-depth data report series where we unravel the on-chain performance of high-profile layer 2 (L2) networks in their earliest days after mainnet launch.
In our Part 1 analysis, we observed the migration of ETH as it flowed from Ethereum into L2 networks during the first 24 hours and subsequent 2 weeks after their respective mainnet launches. Part 1 provided us with an understanding of how these networks fared in capturing liquidity, attention, and early adoption taking into account: the market (bear or bull), the underlying technology (ZK vs. not), and varying brand recognition (from established to nascent).
We arrived at three primary conclusions from Part 1:
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#undefined [Source: TheDefiant]