• ETH L2s handled nearly 10x more transactions than the base layer in the last seven days.
• TVL on ETH L2s jumped 65% YTD.

Ethereum [ETH] layer-2 (L2) solutions carried on the strong momentum generated in the last year to 2024 as well.

Ethereum scales and how

According to a recent post by on-chain analytics firm IntoTheBlock, transaction volumes across leading optimistic rollups including Arbitrum [ARB], Optimism [OP] and Base have nearly doubled since the start of this year.

On expected lines, Arbitrum accounted for more than 50% of the total volume.

To get more insights, AMBCrypto examined the broader ETH L2 market, which included zero-knowledge rollups (zk-rollups) as well.

Data sourced from L2Beat showed scaling solutions processing nearly ten times as many transactions on the mainnet over the last seven days.

The average transactions per second (TPS) on the L2s consistently remained above 100 since the 25th of February, while the mainnet’s count hovered in the usual range between 12-14.

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Author: Aniket Verma

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