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Optimism and Arbitrum flip Ethereum in combined transaction volume

The two layer-2 networks processed more than 1.1 million transactions combined on Jan. 10.

Activity on the Etherum layer 2 chain has been increasing so that the industry-leading two networks now handle more transactions than the main online Etherum.

In the past three months, the trading volume of the second layer of the Internet, Arirum and optimism has increased. By comparison, the volume of transactions on Etherum has fallen by about 33 per cent since mid-late October, with the exception of several surging transactions, according to Ethercan.

According to Dune Analytics, this also allows the two L2s to be combined to rotate the ether.

The chart shows that Etherum closed more than 1.06 million deals on Jan. 10, while Arirum and optimism combined settled more than 1.12 million.

In addition, optimism-themed activity has risen steadily since September, with optimism surpassing Arirum at the usual trading level.

L2eat, the second tier of structured analysis of green ecology, reported that all L2 activity per second trading volume (TPS) exceeded the ether in October and has been higher than the ether ever since.

On January 10th, the average response speed of Etherum was about 12 TPS, while that of L2 was nearly 16.5 TPS.

According to L2Beat, Abilon and optimism together account for almost 80 per cent of the entire second-tier ecosystem.

In terms of total TVL, Arirum One remains the market leader, with about $2.34 billion in collateral and a market share of 52.5 per cent.

Optimism ranks second, with TVL of $1.28 billion and a market share of 28.6 per cent.

According to Nansen researcher George Lee, the decentralized Finance (Defi) agreement is one of the important driving forces for the adoption of the Open chain.

Other second tiers such as ZK-ROLLUP StarkNet have been dealing with more deals recently. StarkWare technology also provides other solutions, including ImmuableX and dYdX.

Last October, it was reported that StarkNet handled more transactions per week than the BTC (BTC) network.

In addition, Starkcan reports that in the case of TVL, the network is at an all-time high of $5.2 million.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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