May promises further evolution for Layer 2 solutions like #Optimism , #Base , and Arbitrum after a dynamic April. Coin98 Analytics' assessment revealed Optimism's dominance in total addresses, while Blast's rapid expansion garnered attention. Transaction volumes showcased #opBNB leading the pack. Revenue shifts among top #L2 protocols hinted at changing dynamics. As May unfolds, active addresses for some platforms decline while revenue trends vary. Despite challenges, optimism surrounds potential growth for $OP and $ARB , indicating ongoing development and adaptation within the Layer 2 ecosystem.

#CryptoWatchMay2024