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The activity of the second-level networks is growing and has already surpassed the main Ethereum network in some indicators.
The cumulative number of transactions per second (TPS) in second-tier networks is higher than in the main Ethereum network. However, this does not equate to general activity in these networks. According to Etherscan, 992,470 transactions were conducted on Ethereum on December 20.
The growth of activity in L2-blockchains was reported by the research company Delphi Digital. She added that the leading networks of the second level were Arbitrum and Optimism.
Source: DelphiDigital
According to the graph, Ethereum is currently processing about 12.5 TPS, and the performance of L2 networks is approaching 15 TPS. L2 activity and TPS peaked at 25 TPS at the end of October.
Comparison of second-level networks with Ethereum
The number of TPS in Ethereum is practically unchanged at the moment. Its bandwidth will increase only when sharding is implemented in the network, but this will not happen before the end of 2023.
Industry analytical platform L2beat has introduced a new activity tracker for the L2 ecosystem. According to his data, the TPS of the main Ethereum network averages 11.49, and the TPS of L2 is 17.68.
Source: L2beat
The platform also reported that a total of more than 152 million transactions were conducted on both levels of Ethereum. 58% of them were on L2.
Source: "Twitter"
Prospects of the L2 ecosystem
The total value (TVL) of assets blocked in second-tier networks has been declining since August. However, this was not due to the withdrawal of capital, but due to the fall in prices of most cryptocurrencies.
According to L2beat, the TVL of all L2 networks is $4.25 billion. The leader among the second-level solutions remains Arbitrum with 54% dominance and TVL at $2.3 billion. Optimism ranks second with a TVL of $1.14 billion and a market share of 27%.
