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According to the statistics recorded this week on Tuesday and Wednesday, the number of arbitrum transactions in the Layer Two Scaling Project exceeded the number of ethereum transactions. On Wednesday, Arbitrum handled 109010 transactions, versus 108839 transfers from Ethereum.
L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket
Layer two (L2) scaling networks have become popular over 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 from L2 networks Optimism and Arbitrum surpassed Ethereum’s daily transaction count. However, the transaction count subsided and ETH’s transfer count exceeded both networks’ counts until Feb. 21, 2023.
Statistics show that Arbitrum’s daily transaction count has surged this week and surpassed Ethereum’s for the first time ever on Tuesday. On February 21, 2023, Arbitrum handled 1.1 million transactions, versus 1.08 million for Ethereum. The following day, Wednesday, arbitrum beat again ethereum through treatment 1.09 million, while ethereum treated 1.08 million.
On social media's defining moment. "for the first time, arbitratrum a treaty over ethereum transactions," the official Twitter account abitrum said. This is an important step our team and referees have taken. We've come a long way as a community, and we appreciate your coming. Our Ethereum-wide mission is ongoing."
The increase in Arbitrum transactions comes at a time when there has been a significant increase in Ethereum network transactions. Statistics show that on Thursday, the average fee to transact on Ethereum’s blockchain is 0.0041 ETH$6.87 per transaction, while the median fee is 0.0017 ETH$2.84 per transfer. On the same day, the average charge for conducting transactions on arbitrum is $0.307 per transfer, while optimism costs $0.3601 per transaction.
How do you feel about the number of arbitrum transfers per day that rise above the ethers? Let's hear from you in the comments section below.
