According to recent insights from crypto analyst Michael Nadeau, as reported by COINOTAG on October 31, the **Ethereum mainnet** has experienced a substantial **net outflow** of **$6 billion** in 2023. Notably, around **83%** of this capital has shifted towards **Layer 2 (L2) networks**, indicating a significant migration trend among investors. Within this realm, **Arbitrum** has captured a considerable **net inflow** of **$2.4 billion**, while **Optimism** and **Base** have attracted **$2.2 billion** and **$1.6 billion** respectively. Furthermore, **Solana** has also benefited from this shift, amassing **$2.36 billion** in inflows originating from **Ethereum L1**. Intriguingly, more than **$1 billion**, or **42%**, of these funds have subsequently flowed back into the **Ethereum ecosystem**, showcasing the interconnectedness of these blockchain networks.
Source: https://en.coinotag.com/breakingnews/ethereum-faces-6-billion-net-outflow-in-2023-as-l2-networks-thrive-with-arbitrum-optimism-and-base-inflows/