zkSync outpaces Ethereum in monthly transaction volume, propelled by inscription activity | Headlines | News | CoinMarketCap
12/28/2023 22:14
zkSync, a Layer 2 scaling solution for Ethereum, recorded more transactions than the Ethereum mainnet over a one-month period, processing 34.7 …
zkSync, a Layer 2 scaling solution for Ethereum, recorded more transactions than the Ethereum mainnet over a one-month period, processing 34.7 million transactions in the past 30 days.
A total of 34.2 million transactions were recorded on Ethereum's mainnet during the same period, according to L2Beat data. Next in line was Arbitrum, which saw 31.4 million transactions over the past 30 days.
The recent rise in transaction volume on zkSync has been attributed to the spread of inscriptions — a feature originally created on Bitcoin — to EVM networks, including most Layer 2 chains.
Data from L2Beat highlights that zkSync experienced its biggest monthly transaction surge on Dec. 16. That's when sync inscription was rolled out on the network and constituted 4.6 million of the 5.3 million …