According to TechFlow, data from The Block Pro shows that the key indicators of Layer 2 solutions (L2s) in June are as follows:

  1. L2s total value locked (TVL) fell 8.8%, but trading volume rose 7.8%, indicating that user activity is still increasing despite falling crypto asset prices and possible capital outflows.

  2. L2s saw a 19.2% increase in gas fees and a 6.2% increase in transaction volume. Despite this, L2 operators saw a decrease in revenue, indicating low gas prices due to competition.

  3. Blast’s governance token BLAST saw a sharp drop in price after it went live on June 25, 2024, suggesting that market demand for airdrops may be waning.