On Jan. 14, the combined transfer count for both L2 networks (Arbitrum & Optimism) was 1.3 million, compared to the 1.1 million transfers settled on Ethereum.
show that both L2 networks, Arbitrum and Optimism, have seen a significant increase in daily transactions.
For example, Optimism recorded 737,191 transactions on Jan. 14, and Arbitrum captured 586,745 transactions on the same day. Since Jan. 10, 2023, the combined number of transactions on both Arbitrum and Optimism has surpassed the number of direct Ethereum onchain transfers. For example, on Jan. 10, the combined transaction count for both L2 scaling networks was around 1.12 million, while Ethereum processed 1.06 million on-chain transfers.
On Jan. 14, 2023, according to data from Dune Analytics, the combined transaction count for both L2 networks was around 1.32 million transactions, compared to the 1.10 million transactions settled on the Ethereum chain. Ethereum still processes a significant number of transactions per day compared to most blockchains. Since June 17, 2020, Ethereum has typically processed over a million transactions per day.
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