In the crypto world, scalability is one of the most pressing issues facing blockchain networks. Ethereum, the second largest cryptocurrency by market capitalization, has been taking a Rollup focused roadmap to sanitize its scalability. And it looks like that is starting to pay off.
Recently, the Ethereum layer 2 scaling protocol, Arbitrum (ARB), has shown superiority over ETH in terms of total transactions executed. According to a tweet from the Arbitrum team, both Arbitrum One and Arbitrum Nova process more transactions than Ethereum in a day. Specifically, Arbitrum One processed 1.26 million transactions, while Arbitrum Nova processed 1.18 million transactions. On the other hand, Ethereum only processed 939,000 transactions.
This is an important milestone for both Ethereum and Arbitrum. It shows that Ethereum's Rollup focused roadmap is working well and that layer 2 scaling solutions are becoming more viable. It also proves that Arbitrum is a strong contender in the race to sanitize Ethereum's scalability.
But Arbitrum is not alone in this race. There are several other layer 2 networks on the Ethereum Mainnet that are also working well. Optimism (OP), Polygon zkEVM, zkSync and Loopring (LRC) are some of the other top performing L2s on the market today, alongside Arbitrum.
The competition between these layer 2 networks is heating up, and it's a fight worth waiting for. As more and more people start using cryptocurrencies, scalability will become the focus. Layer 2 networking will play an important role in solving this problem and it's exciting to see a lot of progress being made in this area.
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