The ethereum network was surpassed by a layer 2 scaling solution in monthly transactions for the first time.
zkSync processed more transactions than the ethereum mainnet in the last 30 days, according to data from L2beat. The network recorded 34.7 million transactions in one month, around 500,000 more than ethereum, which handled 34.2 million in the same period.
Arbitrum's network ranked third after zkSync and ethereum with 31.4 million monthly transactions at the time of the report.
<img decoding="async" width="1024" height="686" src="https://crypto.news/app/uploads/2023/12/Screenshot-140-1024×686.png” alt=”Signup Madness Boosts zkSync on ethereum Mainnet in 30-Day Transactions – 1″/>
zkSync's win marked the first time an L2 network surpassed the ethereum mainnet in monthly transactions. This was likely achieved thanks to the increasing enrollment trends of the bitcoin network following the developments of Casey Rodarmor and Domo, a pseudonymous blockchain builder.
L2beat panel showed that zkSync saw its largest single-day increase in transactions on December 16, the same day sign-ups on the L2 scaling network were enabled.
Rodarmor created the Ordinals protocol that allowed users to embed files in bitcoin (btc) call data. Domo expanded on this idea with the BRC-20 token standard to give rise to the issuance of tokens and NFTs on the btc network, similar to ERC-20 and defi on ethereum.
Since the first half of 2023, when inscriptions and ordinals debuted, the technology has spread to other blockchains, including ethereum and Solana, sometimes causing network outages and sequencer issues, such as on Arbtrium.
Ender Lu, CTO of Morph L2 and former core developer of Binance Chain, emphasized the need for more decentralized blockchain sequencers to mitigate future network downtime.
Lu noted that this crucial piece of blockchain architecture was leaning more toward centralization, warning that this raises censorship concerns within the ethereum community and the broader blockchain ecosystem.
If block builders become more centralized, there is a risk of complete censorship. It is very important to decentralize the block generator by developing distributed validation technology.
Ender Lu, CTO of Morph L2
