Ethereum’s Combined Transaction Volume Is Flipped By Optimism And Arbitrum – Jan 11,2023

Key Points:

• The two largest networks now process more transactions than the mainnet Ethereum due to an increase in layer-2 on-chain activity on the Ethereum network.
• Ethereum handled more than 1.06 million transactions on January 10, while Arbitrum and Optimism together processed more than 1.12 million.
• Arbitrum One maintains its position as the market leader in total value locked (TVL), holding a 52.5% market share.

The two largest networks now process more transactions than the mainnet Ethereum due to an increase in layer-2 on-chain activity on the Ethereum network.

Networks at Layer 2 Over the last three months, there have been more transactions on Arbitrum and Optimism. In contrast, according to Etherscan, transactions on the Ethereum network have decreased by about 33% since late October, with a few spikes.

Dune Analytics data shows that as a result, the two L2s were able to flip Ethereum for this statistic.

According to the graph, ETH handled more than 1.06 million transactions on January 10 while Arbitrum and Optimism together processed more than 1.12 million.

Additionally, after a steady climb in activity since September, Optimism has now eclipsed Arbitrum in terms of daily transactions.

Website for layer-2 ecosystem analytics According to L2beat, all L2 activity has continued to outpace Ethereum in terms of transactions per second (TPS) since October.

Ethereum processed almost 12 TPS on average on January 10 compared to the L2’s average of nearly 16.5 TPS.

According to L2beat, Arbitrum and Optimism make up over 80% of the layer-2 ecosystem.

With about $2.34 billion in collateral, Arbitrum One maintains its position as the market leader in terms of total value locked (TVL), holding a 52.5% market share.

With a TVL of $1.28 billion and a 28.6% market share, optimism is in second place.

Additional layer twos, like zk-rollup Additionally, StarkNet has recently processed more transactions. ImmutableX and dYdX are two further products that utilize StarkWare technology.

According to a report from October, StarkNet processes more transactions each week than the Bitcoin network.

Furthermore, according to Starkscan, the network’s TVL is at an all-time high of $5.2 million.share.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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