Arbitrum’s daily transaction count surpasses Ethereum for the first time ever – Bitcoin News

According to statistics recorded this week on Tuesday and Wednesday, layer two scaling project Arbitrum’s transaction numbers have surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count.

L2 Scaling Solution Arbitrum’s daily transfers are skyrocketing

Layer two (L2) scaling networks have become popular in the past two years as secondary chains allow users to transact faster and pay fewer fees. 39 days ago, in mid-January 2023, the combined daily transaction count from L2 networks Optimism and Arbitrum surpassed Ethereum’s daily transaction count. However, transaction numbers slowed and ETH’s transfer count exceeded both networks’ counts until February 21, 2023.

Statistics show that Arbitrum’s daily transaction numbers have increased this week and surpassed Ethereum’s for the first time ever on Tuesday. On February 21, 2023, Arbitrum processed 1.1 million transactions, compared to Ethereum’s 1.08 million. The next day, Wednesday, Arbitrum beat Ethereum again by processing 1.09 million, while Ethereum processed 1.08 million.

Abitroom tweeted about the watershed moment on social media. “For the first time ever, Arbitrum One processed more transactions than Ethereum,” the official Abitrum Twitter account said. This is a major milestone achieved by our team and Arbinauts. We have come a long way as a community and we are grateful to have you with us. Our mission to scale Ethereum continues.”

The increase in Arbitrum transactions comes at a time when Ethereum network transactions have increased significantly. Statistics show that on Thursday, the average fee for trading on Ethereum’s blockchain is 0.0041 ETH, or $6.87 per transaction, while the median fee is 0.0017 ETH, or $2.84 per transfer. On the same day, the average fee for trading on Arbitrum is $0.307 per transfer, while Optimism costs $0.3601 per transaction.

What do you think about Arbitrum’s daily transfer numbers rising above Ethereum’s? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.