Gas usage on layer 2 networks for Ethereum hit an all-time monthly high. The statistic has grown by roughly 300% year over year.

The Ethereum network shows increased layer-2 activity, as the amount of gas (transactional unit for Ethereum) spent on the network has hit a monthly all-time high. November 2022 saw over 103 billion gas used, which is a massive jump from the start of the year when it was 33.2 billion.

Year over year, there has been roughly a 300% increase in the amount of gas used to settle layer 2 transactions on Ethereum. For the most part, this activity has been increasing in 2022, with just a few blips when the market was crashing.

(By Rahul Nambiampurath)