According to the latest on-chain data, the fee distribution in the Ethereum Layer 2 ecosystem exhibits a "Matthew Effect." On January 14th, only 3 Ethereum L2 chains saw their single-day fee income surpass the $5,000 mark. Among them, Base performed the best, with a daily revenue of approximately $147,000, directly overshadowing other competitors. Arbitrum followed closely, earning about $39,000 that day. Starknet ranked third with around $9,000.

What is even more noteworthy is Base's market share—its fee income has approached nearly 70% of the total Ethereum L2 revenue. What does this mean? It indicates that most users' trading activities are concentrating on Base, while the ecosystem activity of other L2 chains remains relatively subdued. This imbalance reflects that, in the L2 race, the siphoning effect of leading players has already become apparent.