During November, Ethereum’s Layer 2 (L2) network exceeded 900 million transactions. This is the highest monthly trading volume recorded in the entire history of these chains.
According to a report by CriptoNoticias, the number of transactions in a group of these networks reached 817 million in October. November’s jump is Growth of nearly 10%this also extends a trend that has already accumulated four consecutive months of increases.
The following graph shows how each network contributes to the monthly total: Base, opBNB, Arbitrum One, Soneium, World Chain, and OP Mainnet.
The base, which is the most operational L2 of all chains, Contributed to approximately 454 million transactions and once again ranked as the most used. This was followed by opBNB with approximately 115 million and Arbitrum One with over 90 million.
L2 processes transactions and interactions outside of the main chain, which are then cleared through L1. This design makes it significantly faster and cheaper than running everything directly on the Ethereum-based network.
For example, Base generates a block on average every 2 seconds and charges a fee of 0.00034 gwei per transaction. Gwei is the unit of measurement for Ethereum’s gas, which determines fees. If the price per Ether (ETH) is $2,800, 0.00034 Gwei corresponds to the smallest fraction. 0,0000000001 USD.
In L1, even the low rate costs about 0.034 Gwei or 0.0000000952 USD. In fact, operating at L1 costs 100 times more than operating at Base.
Meanwhile, a new network update, Fusaka, arrives on December 3rd. Improves L2 scalabilitythus potentially widening the gap in adoption between both tiers.
Finally, the main Ethereum layer processed approximately 45 million transactions in November. The diagram represents This was a 6% decrease compared to October’s 48 million people.
(Tag translation) Blockchain
