With the recent decline in unique depositors, Ethereum Layer 2 rollups have experienced a corresponding drop in their total value locked (TVL).
Unique depositors into Ethereum Layer 2 rollup solutions, specifically optimistic and zero-knowledge rollups, have reached a yearly low, with just 34,920 users over the past week.
This week’s numbers mark a nearly two-year low, highlighting a significant drop in user engagement within Ethereum rollup solutions. The decline may be attributed to various factors, including shifting user preferences, a lack of ecosystem growth in terms of dApps, as well as a lack of incentive for users to continue using these rollups following airdrops from Arbitrum, Optimism, ZKSync and Starknet, all of which occurred within the last two years.
Near the beginning of June, rollups received 36,100 unique depositors for the week, which at the time marked the lowest figures since October 2022. Notably, this period also saw the combined TVL of both optimistic and ZK rollups record an all-time high of $25.7 billion. This decline is likely a direct consequence of the reduced number of unique depositors engaging with rollup solutions over the past several weeks. The decline in TVL for ZK rollups was also heavily caused by recent airdrops for Starknet and ZKSync.
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