Ethereum's Great Migration: Layer 2s Now Process Double the Mainnet's Transactions — and 50 Rollups Are Already Dead
Ethereum's mainnet processes roughly one million transactions per day. Its Layer 2 networks handle two million. That single statistic captures one of the most consequential shifts in blockchain history — and it is happening faster than almost anyone predicted.
But the story is not simply about more transactions happening elsewhere. It is about which rollups are capturing that activity, which are quietly dying, and what the entire migration means for the economic model that made Ethereum deflationary in the first place.