Ethereum (ETH) layer 2 (L2) networks spent a record $32 billion gas (up 22.8% year-on-year) to validate transactions and activate bridges between January 9-15, according to data from Dune Analytics. .
Optimism (OP) contributed about 50% of gas spent, with a seven-day moving average of $2.8bn gas, followed by Arbitrum with about 30% share, according to Dune Analytics data.
As of January 17, gas spend from the L2 network on the ETH mainnet was 66.35 billion, putting it on track to break the 100 billion mark for the third month in a row, having surpassed for the first time. once again the 100 billion milestone in November 2022.
L2 networks processed more transactions than ETH mainnet
The main L2 networks, Arbitrum and OP, have seen a significant increase in their activity, which has led them to process more transactions combined than the main ETH network.
As of Jan. 15, OP and Arbitrum had a combined trading volume of 1.2 million, while ETH was around 1 million, according to Dune Analytics. data.
