Of all L2 and L3 transactions
66.8%
What this means
OP Stack chains handled 66.8% of all Ethereum layer-2 transactions in an average month of 2026 so far. Layer 2s are the faster, lower-cost networks where most Ethereum activity happens today.
| Label | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OP Stack | 62.7% | 66.9% | 68.3% | 63.9% | 66.7% | 72.8% | 69.6% | 71.4% | 69.3% | 70.6% | 64.9% | 60.7% | 64.4% | 70.2% | 76% | 63.5% | 64.9% | 64.6% |
| Polygon Stack | 12.7% | 11.5% | 12.2% | 12.5% | 12.8% | 11.2% | 12% | 13.3% | 18.1% | 18.4% | 20.5% | 28.5% | 24.9% | 19% | 13.3% | 12.9% | 9.4% | 10.7% |
| Arbitrum Stack | 10.7% | 9.8% | 10.3% | 14.7% | 13.5% | 10.5% | 15.1% | 12.7% | 10.3% | 8.4% | 12.7% | 8.3% | 6.1% | 4.9% | 7.9% | 22.7% | 25% | 23.8% |
| ZK Stack | 3.2% | 4.1% | 3.3% | 2.5% | 1.9% | 1.2% | 1.2% | 1.1% | 1.1% | 0.9% | 0.8% | 1.6% | 3.8% | 5% | 2% | 0.5% | 0.5% | 0.5% |
| Other | 10.7% | 7.7% | 6% | 6.5% | 5.1% | 4.3% | 2% | 1.5% | 1.2% | 1.7% | 1% | 1% | 0.9% | 0.8% | 0.7% | 0.5% | 0.3% | 0.4% |
Of all L2 and L3 transactions
66.8%
What this means
OP Stack chains handled 66.8% of all Ethereum layer-2 transactions in an average month of 2026 so far. Layer 2s are the faster, lower-cost networks where most Ethereum activity happens today.
Powered chains
54
Ancient8
Automata
B3
BOB
Base
Binary Mainnet
Boba
Celo
Cyber
Derive
Epic (Ethernity)
Form
Fraxtal
Funki
GIWA
Ham
Hashkey
Hemi
Ink
Kroma
Lisk
Manta Pacific
Mantle
Matchain
MegaETH Mainnet
Metal
Metis
Mint
Mode
OP Mainnet
Odyssey
Orderly
Polynomial
RSS3 Value Sublayer
Race
Redstone
Rise
Ronin Mainnet
Settlus
Shape
Silent Data Mainnet
Soneium
SuperSeed
SwanChain
Swell
Unichain
World
X Layer
Xterio Chain (ETH)
Zircuit
Zora
arena-z
katana
opBNB
Stablecoin Settlement Volume
$35T
Monthly Transactions Settled
908M
as of September 2026
Total value of assets secured by OP Stack chains at the end of each month.$22.2B
04/25
07/25
11/25
02/26
06/26
09/26
Data: L2BEAT
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total value secured | $21.1B | $24.2B | $22.2B | $25.9B | $26.6B | $27.5B | $25.1B | $22.1B | $20.1B | $20.1B | $18.1B | $18.1B | $19.3B | $19.2B | $17.7B | $17.3B | $19.4B | $22.2B |
as of September 2026
Total value of assets deposited in DeFi applications on OP Stack chains at the end of each month.$7.5B
04/25
07/25
11/25
02/26
06/26
09/26
Data: DefiLlama
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets active in DeFi protocols | $4.5B | $5.4B | $5.8B | $6.6B | $7.1B | $7.2B | $7.3B | $6.1B | $6.2B | $6.2B | $5.5B | $6B | $5.7B | $5.8B | $5.1B | $5.5B | $6.5B | $7.5B |
as of September 2026
Total USD-pegged stablecoin supply on OP Stack chains at the end of each month.04/25
07/25
11/25
02/26
06/26
09/26
Data: DefiLlama and L2BEAT
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stablecoin supply | $5.8B | $5.9B | $6.2B | $6.2B | $6.4B | $6.4B | $6.9B | $7.4B | $6.7B | $7.2B | $7.5B | $7.4B | $8.3B | $8.4B | $8.8B | $8.3B | $8.3B | $8.2B |
Stablecoin supply
$8.2B
What this means
OP Stack chains hold $8.2B in stablecoins as of September 2026. That's the total stablecoin balance held on these chains, available to move on-chain anytime.
as of September 2026
Monthly revenue retained by applications on OP Stack chains, excluding chain fees.04/25
07/25
11/25
02/26
06/26
09/26
Data: DefiLlama
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OP Stack application revenue | $21.2M | $29.8M | $27.2M | $31.7M | $43.7M | $37.1M | $47.6M | $28.2M | $19.6M | $27.5M | $29.6M | $19.9M | $21.2M | $28.4M | $24.1M | $21.1M | $21.3M | $34.3M |
OP Stack application revenue
$227M
What this means
Apps running on OP Stack chains collected $227M in fees from their users from January to September 2026, all of it kept by the teams that built them.
as of September 2026
Gross monthly value of USD-pegged stablecoin transfers on OP Stack chains, excluding mints and burns.04/25
07/25
11/25
02/26
06/26
09/26
Data: Dune Analytics
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stablecoin Settlement Volume | $848.5B | $1.1T | $1.4T | $1.4T | $1.7T | $2.6T | $2T | $1.4T | $2.8T | $6.1T | $4.2T | $5.4T | $5.3T | $2.3T | $2.9T | $1.8T | $3.8T | $3.2T |
Stablecoin Settlement Volume
$35T
What this means
$35T in stablecoins settled across OP Stack chains from January to September 2026.
OP Stack
Total value of stablecoin transfers on OP Stack chains, grouped by transfer size.04/25
07/25
11/25
02/26
06/26
09/26
Data: Dune Analytics
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agentic (<$1) | $9.2M | $8.7M | $8.6M | $8.4M | $9.8M | $10.4M | $12.9M | $30.1M | $10.6M | $9M | $8.3M | $8.9M | $6.7M | $10.1M | $11.7M | $10.2M | $10.7M | $10.9M |
| Retail ($1–$9,999) | $17.2B | $26.3B | $21.6B | $30B | $41B | $39.5B | $54.9B | $42.1B | $48.9B | $105.7B | $77.1B | $107.7B | $76.4B | $43.6B | $57.4B | $65.3B | $79.2B | $73B |
| Institutional ($10k+) | $831.3B | $1.1T | $1.4T | $1.4T | $1.6T | $2.6T | $1.9T | $1.3T | $2.7T | $6T | $4.1T | $5.3T | $5.2T | $2.3T | $2.9T | $1.8T | $3.7T | $3.1T |
Ethereum
Total value of stablecoin transfers on Ethereum, grouped by transfer size.04/25
07/25
11/25
02/26
06/26
09/26
Data: Dune Analytics
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agentic (<$1) | $171.2K | $143.2K | $162.7K | $180.4K | $229.1K | $265K | $310.2K | $357.8K | $345.1K | $454K | $475.8K | $511.4K | $448.3K | $487.4K | $520.9K | $567K | $571K | $557K |
| Retail ($1–$9,999) | $13.4B | $14B | $12.9B | $15.6B | $19.8B | $19.8B | $23.6B | $22.7B | $18.8B | $20.2B | $20.5B | $20.1B | $18.1B | $18.2B | $20.3B | $18.8B | $20B | $21.2B |
| Institutional ($10k+) | $1.2T | $1.2T | $1.1T | $1.4T | $1.8T | $1.8T | $2.7T | $2.6T | $2.3T | $2.3T | $2.5T | $3.2T | $2.1T | $1.9T | $2.9T | $2.2T | $1.9T | $2.3T |
OP Stack
Monthly number of stablecoin transfers on OP Stack chains, grouped by the size of each transfer.04/25
07/25
11/25
02/26
06/26
09/26
Data: Dune Analytics
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agentic (<$1) | 137M | 162M | 178M | 195M | 200M | 230M | 244M | 309M | 301M | 274M | 241M | 275M | 266M | 244M | 287M | 304M | 313M | 284M |
| Retail ($1–$9,999) | 47M | 60M | 69M | 71M | 86M | 93M | 126M | 120M | 114M | 127M | 118M | 107M | 84M | 91M | 116M | 93M | 105M | 113M |
| Institutional ($10k+) | 2.9M | 4.1M | 4.1M | 4.7M | 5.8M | 5.4M | 6.2M | 4.9M | 7.6M | 20M | 13M | 22M | 21M | 11M | 6.5M | 8.1M | 15M | 20M |
Ethereum
Monthly number of stablecoin transfers on Ethereum, grouped by the size of each transfer.04/25
07/25
11/25
02/26
06/26
09/26
Data: Dune Analytics
| Period | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agentic (<$1) | 3.8M | 2.5M | 3.4M | 2.4M | 3.7M | 5.1M | 4.9M | 6.8M | 21M | 24M | 16M | 22M | 18M | 22M | 29M | 26M | 17M | 13M |
| Retail ($1–$9,999) | 12M | 12M | 12M | 13M | 16M | 17M | 20M | 21M | 20M | 22M | 21M | 23M | 21M | 22M | 23M | 24M | 25M | 27M |
| Institutional ($10k+) | 2M | 2.1M | 2M | 2.6M | 3.2M | 3.1M | 3.4M | 2.9M | 2.3M | 2.6M | 2.5M | 2.4M | 2.4M | 2.2M | 2.5M | 2.2M | 2.4M | 2.8M |