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Arbitrum Layer-2 Processes More Transactions Than Ethereum for the First Time

Published 02/22/2023, 09:35 AM
Updated 02/22/2023, 10:00 AM
© Reuters. Arbitrum Layer-2 Processes More Transactions Than Ethereum for the First Time
Ethereum US Dollar
-4.38%

  • Arbitrum processed over one million transactions on Tuesday and surpassed Ethereum mainnet.
  • Arbitrum also reached a new all-time high of active addresses.
  • The Layer-2 network is now the second-largest blockchain in terms of seven-day volume.
Arbitrum has reached a monumental milestone for Ethereum scaling. The leading Layer-2 scaling project has surpassed Ethereum mainnet in processed transactions for the first time.

Arbitrum, an optimistic rollup utilizing fraud proofs, processed 1,100,333 transactions on Tuesday, while Ethereum processed 1,084,290 transactions. Arbitrum’s main competitor, Optimism, processed 191,479 transactions on Tuesday and has a record of 799,462 daily transactions back in January.

https://twitter.com/sgoldfed/status/1628192654340005889?s=20 Sandeep Nailwal, the co-founder of Polygon, which plans to release its zkEVM scaling solution on March 27, congratulated Arbitrum on the achievement.

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