{"id":40887,"date":"2023-01-11T08:26:36","date_gmt":"2023-01-11T08:26:36","guid":{"rendered":"https:\/\/egrowonline.com\/?p=40887"},"modified":"2023-01-11T08:26:36","modified_gmt":"2023-01-11T08:26:36","slug":"optimism-and-arbitrum-flip-ethereum-in-combined-transaction-volume","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=40887","title":{"rendered":"Optimism and Arbitrum flip Ethereum in combined transaction volume"},"content":{"rendered":"


\n<\/p>\n

\n

Ethereum layer-2 on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than mainnet Ethereum.<\/p>\n

Layer-2 networks Arbitrum<\/a> and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from a few spikes, transactions on the Ethereum network have declined by around 33% since late October, according to Etherscan<\/a>.<\/p>\n

This has enabled the two L2s combined to flip Ethereum for this metric, according to Dune Analytics data<\/a>.<\/p>\n

The chart shows Ethereum processed over 1.06 million transactions on Jan. 10, whereas Arbitrum and Optimism combined processed over 1.12 million transactions.<\/p>\n

Additionally, Optimism has now surpassed Arbitrum in terms of daily transactions following a steady uptrend in activity since September.<\/p>\n

Layer-2 ecosystem analytics website L2beat reported<\/a> all L2 activity in terms of transactions per second (TPS) surpassed that of Ethereum in October, and has remained above it since.<\/p>\n

L2 activity in TPS – l2beat.com<\/em><\/figcaption><\/figure>\n

On Jan. 10, Ethereum processed an average of around 12 TPS, compared to the L2\u2019s average of nearly 16.5 TPS.<\/p>\n

Arbitrum and Optimism combined represent almost 80% of the entire layer-2 ecosystem<\/a>, according to L2beat.<\/p>\n

Arbitrum One remains the market leader in terms of total value locked (TVL) with around $2.34 billion in collateral, giving it a 52.5% market share.<\/p>\n

Optimism is in second place with a TVL of $1.28 billion and a 28.6% market share. <\/p>\n

\"\"
Cast your vote now!<\/strong><\/em><\/a><\/figcaption><\/figure>\n

According to Nansen researcher Martin Lee, decentralized finance (DeFi) protocols are one of the key drivers of the adoption of the Optimism chain.<\/p>\n

Related:<\/em><\/strong> <\/em><\/strong>Can the Optimism blockchain win the battle of the rollups?<\/em><\/strong><\/a><\/p>\n

Other layer twos such as zk-rollup StarkNet have also been processing more transactions recently. StarkWare technology also powers other solutions including ImmutableX and dYdX.<\/p>\n

In October, it was reported<\/a> StarkNet was processing more transactions per week than the Bitcoin (BTC<\/a>) network.<\/p>\n

Additionally, Starkscan reports<\/a> the network is at an all-time high in terms of TVL at $5.2 million.<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum layer-2 on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than mainnet Ethereum. Layer-2 networks Arbitrum and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from a few spikes, transactions on the Ethereum network have declined by around 33% […]<\/p>\n","protected":false},"author":1,"featured_media":40888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[686,5592,158,2084,4391,2123,976],"class_list":["post-40887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-arbitrum","tag-combined","tag-ethereum","tag-flip","tag-optimism","tag-transaction","tag-volume"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/af5ba02e-5700-4848-bfd5-efbb68fb9a27.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40887"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40887\/revisions"}],"predecessor-version":[{"id":40889,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40887\/revisions\/40889"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/40888"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40887"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}