According to statistics recorded this week on Tuesday and Wednesday, the number of transactions of the second level scaling project Arbitrum has surpassed the number of Ethereum transactions. Arbitrum processed 1,090,510 transactions on Wednesday, compared to 1,080,839 Ethereum transfers.
L2 Scaling Solution Arbitrum daily transfers skyrocketing
Layer 2 (L2) scaling networks have become popular over the past two years as secondary networks allow users to transact faster and pay less fees. Thirty-nine days ago, in mid-January 2023, the total daily number of transactions on the L2 Optimism and Arbitrum networks exceeded the daily number of Ethereum transactions. However, the number of transactions has decreased, and etherthe number of transfers exceeded the transfers of both networks until February 21, 2023.
Statistics show that Arbitrum’s daily transaction numbers soared this week and surpassed Ethereum’s transaction count on Tuesday for the first time. On February 21, 2023, Arbitrum processed 1.1 million transactions compared to 1.08 million in Ethereum. The next day, Wednesday, Arbitrum again outperformed Ethereum, processing 1.09 million, while Ethereum processed 1.08 million.
Away tweeted about the turning point in social media. “For the first time, Arbitrum One has processed more transactions than Ethereum,” Abitrum’s official Twitter account says. This is a huge milestone achieved by our team and Arbinauts. We have come a long way as a community and we are grateful to you for being with us. Our mission to scale Ethereum continues.”
The increase in Arbitrum transactions comes at a time when transactions on the Ethereum network have grown significantly. Statistics show that on Thursday, the average transaction fee on the Ethereum blockchain is 0.0041. etheror $6.87 per transaction, and the average fee is 0.0017 etheror $2.84 for the transfer. On the same day, the average transaction fee on Arbitrum is $0.307 per transfer, while Optimism costs $0.3601 per transaction.
What do you think about the fact that the number of daily Arbitrum transfers exceeds the number of Ethereum transfers? Let us know what you think about it in the comments section below.
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