Wu said he was informed that the Messari report stated that Ethereum L2 transactions accounted for 61% of all Ethereum transactions in the third quarter. Much of this growth comes from the explosive launch of the Base project and the viral popularity of friendtech. For a brief period at the end of the quarter, Base’s individual transaction volume even surpassed that of the Ethereum mainnet. Optimism also saw significant growth during the quarter, with a 40% increase in transaction volume.