For the first time, a single layer 2 system recorded more transactions than the Ethereum mainnet.
Arbitrum has already been leading the pack in the layer 2 roll-up. However, the daily transactions on the protocol hit 1.14 million on February 21st, surpassing Ethereum mainnet, which recorded 1.05 million.on Dune Analytics, this is a new record high for the scaling solution.
Since the beginning of the year, daily transactions on the blockchain have been on an uptrend surging by over 273% in less than two months. In comparison, the same metric on the Ethereum mainnet has been consistent along the range of 719,920-1.13 million.We’re witnessing history as Ethereum’s rollup-centric roadmap becomes a reality.Rollups Taking the Center Stage
The layer 2 landscape has undergone tremendous change since last year when Ethereum transaction fees skyrocketed as a result of increased user demand. In response, rollups have come to be viewed as a compelling solution to the chain’s growing accessibility problem.These are separate blockchains that compile a bunch of transactions and turn them into one single data and submit it to the Ethereum mainnet, thereby reducing the burden on the latter.
Arbitrum, for one, has become a rollup darling in recent times due to its low transaction fees. Moreover, the unique addresses on the protocol surged notably, reaching an all-time high of 2.95 million. In the past two months alone, Arbitrum has added over 110K addresses.Arbitrum, Optimism, zkSync, and StarkNet are four popular layer 2s that witnessed increased adoption in 2022.
for supremacy for the most part of the year. Both the rollups have been favored due to ease for projects to port over. Several prominent centralized crypto exchanges have also integrated Arbitrum and Optimism.
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