The Ethereum network is set to increase its revenues as data storage demand increases due to increased activity on Layer 2 scaling networks. According to Dune Analytics, Ethereum L2s sent 3 times more transaction data to the mainnet in November compared to March.

After the Dencun update in March, Ethereum revenues dropped by 95% as L2 transaction data was moved to temporary offchain storage called "blobs". However, this is changing thanks to L2s such as Base, Scroll and World Chain.

Ethereum is expected to generate $66 billion in annual free cash flow by 2030. Do you think these estimates are realistic? Share your thoughts in the comments.