Total Fees Paid on the Ethereum Layer 2 Network Hit a ATH in May, Exceeding $16M

Ethereum ’s Layer 2 network experienced a surge in Mainnet payment fees in May, reaching nearly 9,000 ETH worth $16.2 million, according to The Block . This is a fivefold increase from the total fees paid by Layer 2 in January, which The Block research analyst Rebecca Stevens noted was largely attributable to soaring gas costs on the ethereum main network.

Data shows that in the Layer 2 field, Arbitrum became the main contributor to Mainnet fees, generating a cost of 4260 ETH , or about $7.6 million. Meanwhile, zkSync ’s Era Mainnet is a close second with 2,250 ETH(approximately $4 million).