Ethereum's user base has increased ninefold since 2020, primarily due to the adoption of Layer 2 (L2) scaling solutions like Arbitrum, Optimism, and zkSync. These solutions significantly reduce transaction costs and increase throughput, making Ethereum more accessible and efficient. The surge in users highlights the effectiveness of L2 technologies in enhancing Ethereum's scalability, driving broader adoption and engagement within the blockchain ecosystem.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.