My takeaways on the $ETH ecosystem arms race after looking at the last 30 days of onchain data:
β³ π @base (high DeFi/low stables activity) is the undisputed home of degens and retail
β³ πΈ @0xPolygon (outsized stables/low DeFi) has the most advanced consumer economy that isn't just speculative activity/trading
β³ π¦ @arbitrum (high DeFi/high stables) is establishing itself as the early L2 winner for institutional DeFi
Active DeFi Users:
Base-2.6m
Ethereum-1.7m
Arbitrum-1.4m
Polygon-1.2m
Stablecoins Users:
Polygon-1.9m
Ethereum-1.4m
Arbitrum-1.4m
Base-604k
CEX Users:
Ethereum-617k
Polygon-247k
Base-184k
Arbitrum-176k
Data: @artemis__xyz
β³ π @base (high DeFi/low stables activity) is the undisputed home of degens and retail
β³ πΈ @0xPolygon (outsized stables/low DeFi) has the most advanced consumer economy that isn't just speculative activity/trading
β³ π¦ @arbitrum (high DeFi/high stables) is establishing itself as the early L2 winner for institutional DeFi
Active DeFi Users:
Base-2.6m
Ethereum-1.7m
Arbitrum-1.4m
Polygon-1.2m
Stablecoins Users:
Polygon-1.9m
Ethereum-1.4m
Arbitrum-1.4m
Base-604k
CEX Users:
Ethereum-617k
Polygon-247k
Base-184k
Arbitrum-176k
Data: @artemis__xyz
β’ β’ β’
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