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- zkSync Period surpassed Ethereum and different L2s in every day transactions.
- zkSync Period had the third-highest TVL amongst L2s.
In keeping with current stories, zkSync Era has triumphed over Ethereum [ETH] in a vital metric, solidifying its rise in reputation and dominance of Layer 2 options. Nevertheless, in comparison with the opposite Layer 2 options, how does zkSync stack up?
zkSync transaction period right here?
In a big achievement, zkSync Era has lately outpaced Ethereum to report the very best variety of every day transactions, as reported by Artemis on 17 July.
It’s official, @zksync has formally surpassed Mainnet Ethereum within the variety of every day transactions. 📈 pic.twitter.com/cM3Yt4OCKg
— Artemis (@Artemis__xyz) July 17, 2023
Ethereum recorded roughly 946,000 every day transactions as of this writing, whereas zkSync boasted a exceptional determine of over 977,000. Notably, the accompanying chart demonstrated zkSync’s spectacular surge of greater than 42% in every day transactions, whereas Ethereum skilled a decline of over 5%.
In comparison with outstanding Layer 2 options like Arbitrum [ARB] and Optimism[OP], its dominance in every day transactions grew to become much more obvious. Arbitrum registered round 695,000 every day transactions as of this writing, whereas Optimism trailed with over 493,000 every day transactions.
Evaluating energetic addresses
Whereas zkSync showcased its energy in every day transactions, evaluating energetic addresses revealed a special situation, with Ethereum main the pack regardless of a slight decline.
In keeping with press time knowledge, Ethereum boasted over 276,000 energetic addresses, whereas zkSync Period had over 226,000 energetic addresses.
Nevertheless, Ethereum’s decline of over 23% in energetic addresses caught the eye of the chart, whereas zkSync Period skilled a powerful achieve of over 30%.
In distinction, Arbitrum and Optimism lagged significantly behind. Arbitrum recorded over 146,000 energetic addresses, whereas Optimism trailed by over 87,000.
zkSync Period’s TVL but to measure up
In keeping with L2 Beats, the Complete Worth Locked (TVL) throughout all Layer 2 options exceeded $10 billion. Amongst these options, zkSync Period made a notable contribution, accounting for about 5.5% of the TVL, amounting to $554 million.
Arbitrum led the pack with a commanding share of over 60%, boasting a TVL surpassing $6 billion. Optimism adopted with a share of over 24%, securing a TVL of over $2 billion.
Along with the TVL figures, knowledge from DefiLlama highlighted spectacular progress within the stablecoin market cap on the platform.
As of this writing, the stablecoin market cap stood at over $146 million. It additionally indicated a big and noteworthy enlargement on this explicit phase.
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