Arbitrum has released its newest performance report, demonstrating how it outperforms the previous network in terms of total transactions handled.

Arbitrum, a Layer-2 based scaling protocol on the Ethereum blockchain, has just released its latest performance report, which highlights its superiority over the main network in terms of total transactions processed. According to the latest tweet by the layer-2 network, its Arbitrum One protocol managed to process an impressive total of 1.26 million transactions for the week.

This might seem like a mere coincidence, but the Arbitrum Nova layer also processed a total of 1.18 million transactions for the same period under review. These figures easily trump the main Ethereum protocol's 939,000 processed transactions.

Although Ethereum is considered a high-performance blockchain protocol and is ranked as the largest smart contract platform in the crypto ecosystem, its transaction throughput is low, and the cost of transactions is very high. Despite the recent shift to Proof-of-Stake (PoS) consensus model, the scalability of Ethereum remains a major bottleneck.

To address this issue, Layer-2 protocols like Arbitrum have emerged. While there has been a fierce battle among the L2 protocols, Arbitrum's latest figures show that it is still in the lead. In addition to the high transaction count, Arbitrum noted the launch of several innovative protocols on its network.

Another noteworthy development is the launch of a job board to aid developers within the Arbitrum ecosystem in hiring top talent to help build out their projects.

Although there are several "Ethereum killers" in the blockchain ecosystem, the real war worth watching is between the layer-2 networks resident on the Ethereum mainnet. Besides Arbitrum, Optimism (OP), Polygon zkEVM, zkSync, and Loopring (LRC) are among the top-performing and functional L2s that are making waves in the industry today. Although each L2 has its unique advantages in terms of scalability, their comparative advantage in Transaction Per Second (TPS) and gas fees differs.

Polygon also recently released its performance report for its zkEVM sidechain, which recorded a total transaction growth of 300% for the month of April. Despite their differences, the goal of these L2s is to improve the overall image of the Ethereum blockchain, and so far, they are succeeding.

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Source: coingape

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