81% of rollup assets concentrated on Base and Arbitrum One... Morph emphasizes payments and transactions

Ethereum rollups held $30.84 billion in total secured value as of Oct. 25, with roughly 81% concentrated in Base and Arbitrum One, according to L2BEAT data. Base accounted for $14.92 billion and Arbitrum One $10.08 billion, combining for about $25 billion. Morph partnership lead Renna Ba argued in a company-sponsored opinion piece that falling fees across all chains mean low costs alone no longer differentiate rollups, pushing Morph to compete on payments and trading products instead. The concentration highlights how liquidity and users remain clustered on the two largest layer-2 networks despite a crowded field of rollups. Watch whether Morph and other smaller rollups can convert lower fees into actual payment and trading volume, and whether Base and Arbitrum sustain their share of rollup assets.