Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks' Surge

[sirty143]

Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks' Surge

Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. See more for yourself here.

Your opinion is greatly appreciated.

[Captain Corporate]

Its a temporary thing I can guarantee you that. There has been a lot of coins and tokens that has getting super high increases in transactions, all due to hype and got a lot of attention. But then, it turned out not be something so great at all. I think that part is the most important part, we should remember that its not that easy at all, sometimes things go up a lot,  and then go back down very quickly. Thats why we should be considering what to do and how to do it later on. This would definitely get a lot of attention, and would show you that eventually they all calm down and ETH gets back on top.

[Faisal2202]

That must be due to the airdrop season, as most of the airdrops require the users to do some mining and most of these mining are happening on the Arbitrum network, even if the project is new somehow we have to make a trade on the Arbitrum network. Well, this changes nothing ass Arbitrum can't cross the hype of ETH's other upcoming network and updates.

As Arbitrum's future is on Ethereum also if Ethereum going to remain behind then there is no future for Arbitrum. And due to the increment in the value of ETH people must prefer the Arbitrum network for their usual trades or financial activities. I am highly bullish on ETH's future.

[yhiaali3]

It is not surprising to see Layer 2 (L2) solutions, especially for the Arbitrum network, outperforming the main Ethereum network in transaction volume.

This is to be expected due to the high fees of the Ethereum mainnet, unfortunately with all the upgrades that have occurred on the mainnet we still have not noticed a significant decrease in fees yet, so it is not surprising that most of the transactions are on layer 2 networks.

Unfortunately, the Ethereum network has so far failed to implement its promises to reduce fees, despite all the upgrades.