Data: The number of Arbitrum transactions exceeded the main network of Ethereum for the first time, reaching a new record

It is reported that according to Dune data, the number of transactions of the Ethereum Layer 2 expansion solution Arbitrum reached 1.1 million times yesterday, surpassing the main Ethereum network for the first time and reaching a record high.

Interpretation of this information:

The Ethereum Layer 2 expansion solution, Arbitrum, surpassed the main Ethereum network for the first time with 1.1 million transactions reported yesterday, according to Dune data. This is undoubtedly a remarkable development for the Ethereum network, which has been struggling with a high gas fee, resulting in slower transaction times and higher costs.

Arbitrum was designed to address the scalability and speed issues of the Ethereum network while maintaining the security and decentralization properties of the blockchain. The solution uses Optimistic Rollup technology, which aggregates multiple transactions into a single batch before processing them on the Ethereum network, saving on gas fees and significantly increasing the speed of transactions.

The milestone reached by Arbitrum is significant as it represents a shift towards Ethereum Layer 2 solutions, which are seen as an essential step towards solving Ethereum’s scalability problems. As more users migrate to Layer 2 solutions, it will eventually reduce congestion on the main Ethereum network, and the overall user experience will improve.

This development is good news for the cryptocurrency community, as it means that Ethereum’s ecosystem continues to mature, creating more opportunities for innovation and growth. As Layer 2 solutions continue to gain traction, it is expected that more users and developers will start exploring the various capabilities of the Ethereum network, leading to more adoption and innovation.