As reported by CryptoPotato, the highly anticipated Dencun fork on March 13 has significantly boosted the adoption of Ethereum’s second-layer solutions. This is evidenced by the increased activity following the upgrade. Intotheblock’s latest analysis shows a similar trend, noting a spike in the number of transactions on Ethereum’s second-layer solution following the Dencun upgrade. Statistics show that the number of transactions on the leading second-tier platform increased by 196% to 5.67 million transactions. Among them, Base became the main contributor, processing approximately 57% of transactions. It was followed by Arbitrum and Optimism, which handled 31% and 11% of transactions respectively. Furthermore, Base has also seen a significant increase in network activity in recent months, mainly due to the growing craze for meme coins. According to data from DefiLlama, the Base network’s total value locked (TVL) surged to a record $1.5 billion on April 9, a 235% increase since the beginning of the year, largely due to the meme coin craze flooding into the network. There has been significant expansion of Layer 2 networks over the past few months, and Dencun has played a key role in its adoption. VanEck's analysis even predicts that these scaling solutions could reach a market value of $1 trillion by 2030.
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