Optimism and Arbitrum flip Ethereum in combined transaction volume
1 min read
Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network.
Layer-2 networks
According to Nansen researcher Martin Lee, decentralized finance (DeFi) protocols are one of the key drivers of the adoption of the Optimism chain.
Related: Can the Optimism blockchain win the battle of the rollups?
Other layer twos such as zk-rollup StarkNet have also been processing more transactions recently. StarkWare technology also powers other solutions including ImmutableX and dYdX.
In October, it was reported StarkNet was processing more transactions per week than the Bitcoin (BTC) network.
Additionally, Starkscan reports the network is at an all-time high in terms of TVL at $5.2 million.
