Ethereum’s Layer 2 Scaling Solutions See Shift in Transaction Volume
In the domain of Ethereum’s Layer 2 scaling solutions, recent figures indicate a significant shift. Optimism, a Layer 2 network focused on scaling applications using Optimistic Rollups, has surpassed its competitor Arbitrum in daily transaction volume. This shift is primarily attributed to the introduction of Worldcoin on the Optimism network, which has boosted activity.
Key Points:
– Optimism logged 944,000 daily transactions, surpassing Arbitrum’s 660,000 transactions.
– Worldcoin’s launch on Optimism has fueled the network’s activity and led to a remarkable boost in daily transaction tally.
– Optimism’s daily transactions have increased by 240% since June 2023, while Arbitrum has experienced a slight decline.
– Worldcoin wallets on the Optimism chain are nearing the 1 million mark, indicating growing traction and engagement with the protocol.
However, Arbitrum still leads in other metrics. It maintains the highest total value locked among Layer 2 solutions, standing at $2.1 billion, compared to Optimism’s $917 million. Arbitrum also has a higher number of daily active users, with 123,000 compared to Optimism’s 89,000.
In conclusion, while Optimism has taken the lead in daily transaction volume, Arbitrum remains ahead in terms of total value locked and daily active users. Both solutions provide a more cost-effective method for processing transactions off the main Ethereum blockchain.
By
By
By
By
By
By