According to statistics recorded this week on Tuesday and Wednesday, the transaction count of the layer-two scaling project Arbitrum has surpassed that of Ethereum. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s transfer count of 1,080,839.
L2 scaling solution Arbitrum daily transfers skyrocket
Layer two (L2) scaling networks have become popular in the last two years as secondary chains allow users to transact faster and pay fewer fees. Thirty-nine days ago, in mid-January 2023, the combined daily transaction count of the L2 Optimism and Arbitrum networks surpassed the daily transaction count of Ethereum. However, the transaction count decreased and ETHThe transfer count surpassed that of both networks through February 21, 2023.
Statistics show that Arbitrum’s daily transaction count increased this week and surpassed Ethereum for the first time on Tuesday. On February 21, 2023, Arbitrum processed 1.1 million transactions, compared to 1.08 million for Ethereum. The next day, Wednesday, Arbitrum beat Ethereum again by processing 1.09 million, while Ethereum processed 1.08 million.
Far tweeted about the defining moment on social media. “For the first time ever, Arbitrum One processed more transactions than Ethereum,” the official Abitrum Twitter account said. This is a great milestone achieved by our team and Arbinauts. We have come a long way as a community and we are grateful to have you with us. Our mission to scale Ethereum continues.”
The increase in Arbitrum transactions comes at a time when Ethereum network transactions have increased significantly. Statistics show that on Thursday, the average fee for transacting on the Ethereum blockchain is 0.0041 ETHeither $6.87 per transaction, while the median fee is 0.0017 ETHeither $2.84 by transfer. On the same day, the average fee to transact on Arbitrum is $0.307 per transfer, while Optimism costs $0.3601 per transaction.
What do you think about Arbitrum’s daily transfer count surpassing Ethereum’s? Let us know what you think about this topic in the comments section below.
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