Ethereum layer-2 revenue hits $277 million in 2024, spearheaded by Base’s $92 million

Ethereum layer-2 networks achieved a combined revenue of $277 million in 2024, with approximately 41% ($113 million) allocated as “cost” to the mainnet. This means the blockchain networks generated cumulative profits of $164 million last year. Lorenz Lehmann, citing GrowThePie data, reported that Base, the layer-2 scaling solution developed by Coinbase, emerged as the highest-earning protocol... source: https://cryptoslate.com/insights/ethereum-layer-2-revenue-hits-277-million-in-2024-spearheaded-by-bases-92-million/