Ethereum’s second-layer solutions surpass their mother network in terms of the number of transactions processed per second. Despite this, Ethereum still remains highly active.
Arbitrum and Optimism lead the way
On December 21, Delphi Digital, a crypto space research company, reported that Ethereum’s layer two solutions are outperforming the L1 solution. We are talking about the Arbitrum and Optimism networks, which are recording excellent performance.
The information was published on Twitter:
According to the chart, we can see that the flip was made back in late August. The significance, however, is that since then, L2 solutions are still holding above L1 solutions in their statistics. Ethereum at the time of this writing is processing 12.5 transactions per second (TPS), while Arbitrum and Optimism are settling around 15 TPS.
While Ethereum’s second-layer solutions are characterized by variable transaction processing speeds, L1 maintains steady levels. Their growth will still have to wait. Increasing Ethereum’s throughput requires the introduction of sharding, and this is not expected until late 2023.
New activity tracker
The above data is confirmed by L2’s analytics platform, called L2beat. It has introduced a new tool for measuring activity in the ecosystem. According to the information it has collected, Ethereum is currently processing 11.49 TPS, while Layer 2 enjoys a score of 17.68 TPS.
Data from the platform also confirmed that L2’s activity in terms of TPS has definitely gained momentum in August. According to L2beat, Arbitrum and Optimism processed a combined 152 million transactions.
Meanwhile, the same feature in the Ethereum network also remains at a very high level. On December 9, it reached an All Time High of 1,932,711 transactions, and much will erase the fact that the number of transactions will steadily increase over time.
Good outlook for TVL
Considering the data on the total value locked in Layer Two, we see a clear downward trend. However, market observers suggest that this is the result of falling valuations of cryptocurrency assets, rather than an outflow of capital from the network.
Here L2beat comes to the rescue again, reporting a TVL of $4.25 billion. This value applies to all L2 networks. This translates into a 43% drop from the all-time peak of $7.48 billion. The leading position is of course held by Arbitrum One, with a dominance of 54.0% of TVL ($2.3 billion). Optimism is in second place and shows a dominance of 27.0% ($1.14 billion).
