Ethereum Layer 2 Protocols Set New Weekly High For Transaction | Bitcoin Networks

Ethereum Layer 2 Protocols Set New Weekly High For Transactions

Summary:

Layer 2 transactions on Ethereum’s blockchain hit a new seven-day high, Orbiter Finance data showed.Orbiter’s dashboard recorded over 5.78 million transactions between October 27 and November 2.Arbitrum led the L2 pack with around 46.59% of layer 2 transactions carried out on the protocol.Transactions on Ethereum’s mainnet only exceeded L2s by about 30%. Ethereum layer 2 solutions hit a landmark for weekly transactions as scaling solutions continue to make their case and grow a presence within ETH’s ecosystem.

Data extracted from the on-chain aggregator Finance showed that transactions on L2 protocols exceeded 5.78 million. The dashboard recorded transactions in a seven-day period between October 27 and November 2. ETH’s layer 1 mainnet recorded 7.3 million transactions within the same timeframe.