TechFlow news, Coin98 Analytics has released its Layer 2 Monthly Report for July 2024. The report highlights Base's outstanding performance in new address additions, reaching 12.7 million and ranking first.
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In terms of daily average transactions, opBNB, Base, Arbitrum, and Linea lead with 6.7 million, 3.6 million, 1.9 million, and 1 million transactions respectively.
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Total transaction volume on Base and Blast grew by over 27%, while opBNB recorded more than 209 million transactions in July—nearly half of its total transaction volume in Q2 2024 (429 million).
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In total addresses, Optimism remains at the top with 155.8 million unique addresses, followed by Base and Arbitrum with 97.5 million and 35.7 million addresses respectively.
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In TVL, Arbitrum, Base, Blast, and Scroll rank in the top four with $3.18 billion, $1.71 billion, $1.18 billion, and $748 million respectively. Notably, Scroll and Mantle saw significant TVL growth, increasing by 1.8x and 1.6x respectively.
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In the NFT sector, Linea and Base led other chains in average daily new NFTs in Q2 2024 with 446,000 and 400,000 respectively. In July, Linea added 14 million new NFTs, followed closely by Base with 12 million.
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