Ethereum's Layer 2 (L2) ecosystem has reached a milestone, achieving transaction processing speeds of nearly 24,000 TPS. This surge is attributed to advancements like ZKSync's Atlas upgrade and Lighter's protocol, which have enhanced scalability and reduced fees. The network's deflationary trend is also notable, with an annualized ETH burn rate of 1.32% as of early 2025. Key L2 platforms have shown significant activity, with Arbitrum One processing 3.56 million transactions from May to November 2025, and Optimism Mainnet handling $163.4 billion in value. L2 solutions have lowered transaction fees to an average of $0.0031, compared to $0.7023 on Ethereum's mainnet, bolstering the network's overall efficiency and appeal.