Layer-2 momentum continues to increase with Optimism and Arbitrum flipping Ethereum in terms of daily transaction volume.
This has enabled the two L2s combined to flip Ethereum for this metric, according to Dune AnalyticsThe chart shows Ethereum processed over 1.06 million transactions on Jan. 10 whereas Arbitrum and Optimism combined processed over 1.12 million transactions.
Additionally, Optimism has now surpassed Arbitrum in terms of daily transactions following a steady uptrend in activity since September.all L2 activity in terms of transactions per second surpassed that of Ethereum in October, and has remained above it since.On Jan. 10, Ethereum processed an average of around 12 TPS compared to the L2’s average of nearly 16.5 TPS.according to L2beat.
Arbitrum One remains the market leader in terms of total value locked with its around $2.34 billion in collateral giving it a 52.5% market share.According to Nansen researcher Martin Lee, decentralized finance protocols are one of the key drivers of the adoption of the Optimism chain.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.
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