{"id":43708,"date":"2023-01-11T05:07:18","date_gmt":"2023-01-11T09:07:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=43708"},"modified":"2023-01-11T05:07:21","modified_gmt":"2023-01-11T09:07:21","slug":"layer-2-networks-optimism-arbitrum-witness-high-combined-transaction-volume","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/layer-2-networks-optimism-arbitrum-witness-high-combined-transaction-volume\/","title":{"rendered":"Layer-2 networks Optimism, Arbitrum witness high combined transaction volume"},"content":{"rendered":"\n
The two largest layer-2 networks<\/a>, Optimism and Arbitrum currently process more transaction volumes than the mainnet Ethereum due to an increase in on-chain activity on the Ethereum network.<\/h5>\n\n\n\n
\"Layer-2
Layer-2 networks Optimism, Arbitrum witness high combined transaction volume<\/figcaption><\/figure>\n\n\n\n

Over the last three months, there have been more transactions on Arbitrum and Optimism\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. In contrast, according to Etherscan, transactions on the Ethereum network have decreased by around 33% since late October, with a few surges.<\/p>\n\n\n\n

Dune Analytics data shows that as a result, the two L2s were able to flip Ethereum for this statistic.<\/p>\n\n\n\n

According to the graph, Ethereum handled more than 1.06 million transactions on January 10 while Arbitrum and Optimism together processed more than 1.12 million.<\/p>\n\n\n\n

Additionally, after a steady climb in activity since September, Optimism has now eclipsed Arbitrum in terms of daily transactions.<\/p>\n\n\n\n

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

Ethereum processed almost 12 TPS on average on January 10 compared to the L2's average of roughly 16.5 TPS.<\/p>\n\n\n\n

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

According to L2beat, Arbitrum and Optimism make up over 80% of the layer-2 ecosystem.<\/p>\n\n\n\n

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

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

Decentralized finance (DeFi) protocols<\/a> are one of the major forces behind the adoption of the Optimism chain, said Nansen researcher Martin Lee.<\/p>\n\n\n\n

Additional layer twos, like zk-rollup Additionally, StarkNet has lately processed more transactions. ImmutableX and dYdX are two further products that use StarkWare technology.<\/p>\n\n\n\n

According to a study from October, StarkNet processes more transactions each week than the Bitcoin network.<\/p>\n\n\n\n

Furthermore, according to Starkscan, the network's TVL is at an all-time high of $5.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two largest layer-2 networks, Optimism and Arbitrum currently process more transaction volumes than the mainnet Ethereum due to an increase in on-chain activity on the Ethereum network. 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 […]<\/p>\n","protected":false},"author":12,"featured_media":43712,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[4579,128,13045,4490],"class_list":["post-43708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-arbitrum","tag-ethereum","tag-layer-2-networks","tag-optimism"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/image-8.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=43708"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/43712"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=43708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=43708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=43708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}