Optimism and Arbitrum flip Ethereum in combined transaction volume

Ethereum layer-2 on-chain activity has actually been increasing to the degree that the leading two networks now process more transaction volume than mainnet Ethereum.Layer-2 networks Arbitrum and Optimism have actually seen an increase in transactions over the past 3 months. Relatively, aside from a few spikes, deals on the Ethereum network have decreased by around 33% because late October, according to Etherscan.

This has actually enabled the 2 L2s combined to flip Ethereum for this metric, according to Dune Analytics data.

The chart shows Ethereum processed over 1.06 million transactions on Jan. 10, whereas Arbitrum and Optimism combined processed over 1.12 million transactions.Additionally, Optimism has actually now gone beyond Arbitrum in terms of daily transactions following a constant uptrend in activity since September.Layer-2 environment analytics site L2beat reported all L2 activity in regards to deals per second (TPS)went beyond that of Ethereum in October, and has stayed above it given that. L2 activity in TPS-l2beat.com On Jan. 10, Ethereum processed an average of around 12 TPS, compared to the L2’s average of nearly 16.5 TPS.Arbitrum and Optimism combined represent nearly 80 %of the entire layer-2 ecosystem

, according to L2beat.Arbitrum One remains the market leader in terms of total worth locked (TVL )with around $2.34 billion in security, providing it a 52.5%market share.Optimism is in 2nd location with a TVL of $1.28 billion and a 28.6%market share. Cast your vote now!According to Nansen researcher Martin Lee, decentralized finance(DeFi)procedures are among the key motorists of the adoption of the Optimism chain.Related: Can the Optimism blockchain win the fight of the rollups?Other layer twos such as zk-rollup StarkNet have actually also been processing more transactions recently. StarkWare technology also powers other services consisting of ImmutableX and dYdX.In October, it was reported StarkNet was processing more transactions per week than the