According to Foresight News, data from L2Beat reported by Cointelegraph indicates that Ethereum Layer 2 (L2) solutions achieved a historic milestone on August 7, driven by the growth of networks such as Xai, Base, and Proof of Play. The transaction volume on Ethereum L2 solutions reached an average of 318 transactions per second, marking a significant increase. Currently, these L2 solutions handle 24 times the transaction volume of the base Ethereum chain.

In addition to the surge in transaction volume, the total value locked (TVL) in L2 solutions, including Base, Arbitrum, Blast, Optimism, and Mantle, has reached $11.7 billion. When accounting for bridged deposits, this figure rises to $36.7 billion. This growth underscores the increasing adoption and reliance on Ethereum L2 solutions to enhance scalability and efficiency in the blockchain ecosystem.