📉 Ethereum L2 Fees Are Drying Up
According to CryptoRank, on January 14 only three Ethereum Layer 2 networks generated more than $5,000 in daily fee revenue:
⚪️ Base — ~$147,000
⚪️ Arbitrum — ~$39,000
⚪️ Starknet — ~$9,000
All other Ethereum L2s combined earned just over $15,000 in total.
📊 The data highlights a growing revenue concentration among a few dominant L2s, while the majority struggle to generate meaningful fees — raising questions about the economic sustainability of many Layer 2 projects in the current market.