Combined transactions on L2 chains from Arbitrum and Optimism exceed the daily transfer number of Ethereum-Defi
Combined transactions on L2 chains from Arbitrum and Optimism exceed the daily transfer number of Ethereum-Defi
Since the Merge, the Onchain fees of Ethereum are considerably lower. However, the combined transaction volume on layer Two chains (L2) Arbitrum and Optimism has exceeded the Onchain transaction performance of Ethereum. On Saturday, January 14, 2023, Ethereum processed 1.10 million Onchain transactions, while the combined transactions on Arbitrum and Optimism reached 1.32 million on the same day.
rise of L2 scaling solutions arbitrum and optimism
The Onchain transaction fees have dropped considerably since the first week of August 2022 and even more since the blockchain on September 15, 2022 passed from a proof-of-work (POW) blockchain to a proof-of-stake (POS) network. Data from The gas tracker from Etherscan.io shows that the Onchain ether transaction with the highest priority at 5:00 p.m. Eastern Time or 23 Gwei costs.
According to data on Sunday, January 15, 2023, the average arbitrum transaction costs about $ 0.101 per transfer, while a optimism transaction costs $ 0.1410 per transfer. L2 scaling solutions have been becoming increasingly popular since 2020, with options such as Z Vigoreck Hermez , zksync , boba and Starknetz In addition to optimism and arbitrum.
These solutions enable faster and cheaper transactions by reducing the computing load on the main blockchain network (Ethereum) or Layer One (L1). Arbitrum and optimism transactions are regularly "rolled up" and on Ethereum with an optimistic virtual machine recorded. Dunting analysis Statistiken show that both L2 networks, arbitrum and optimism have a significant increase in daily transactions.
For example, Optimism recorded on January 14, 19191 transactions and arbitrum recorded 586,745 transactions on the same day. Since January 10, 2023, the combined number of transactions on Arbitrum and Optimism has exceeded the number of direct Onchain transfers from Ethereum. For example, on January 10, the combined transaction number for both L2 scaling networks was around 1.12 million, while Ethereum processed 1.06 million on-chain transfers.
On January 14, 2023, the combined transaction number for both L2 networks was, according to Dune Analytics, around 1.32 million transactions, compared to the 1.10 million transactions, which were handled by the Ethereum chain. Ethereum still processes a considerable number of transactions per day compared to most blockchains. Since June 17, 2020, Ethereum has usually processed over a million transactions per day. However, some other crypton networks wrap more transactions than Ethereum, such as Z xrp and Vigoreck .
On January 14th, polygon recorded 3.10 million transactions and XRP That day was done. While the L2 chains arbitrum and Optimism have not exceeded those from Ethereum alone, xrp s or polygons transaction per day a significant increase in the last 12 months.
For example, Ethereum processed 1.17 million transactions on January 15, 2022 on this day, while Arbitrum processed 21,734 transfers per day and optimism processed 30,430 transactions per day. The data show that the number of daily transactions of Arbitrum has increased by 2,599 % in the past 12 months and the number of daily transfers of the L2 scaling solution has increased by 2,322 % since January 2022.
What effects will L2 scaling solutions have in your opinion on the future of blockchain technology and their introduction? Share your thoughts in the comment area below.
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