According to news on October 9, according to the Ethereum status report for the third quarter of 2023 released by the encryption analysis company Messari, L2 transactions accounted for 61% of all Ethereum transactions in the third quarter. This growth mainly comes from the launch of Base mainnet and the popularity of decentralized social protocol friend.tech. For a brief period at the end of the quarter, Base alone surpassed the Ethereum mainnet in transaction volume. Optimism also saw significant growth during the quarter, with transaction volume up 40%. Base and Optimism appear to have cannibalized some of Arbitrum’s activity, with its trading volume down 36%. Despite this, Arbitrum is still the largest L2 with an average daily transaction volume of 600,000, while Optimism and Base have approximately 400,000 transactions.