According to Odaily, data from IntoTheBlock reveals a fourfold increase in the number of transactions on Arbitrum, Base, and Optimism this year. Following the integration of EIP-4844 in March, this growth significantly accelerated in the second quarter, with transaction fees dropping by over 90%.
The integration of EIP-4844, a proposal to improve the Ethereum network, has played a significant role in this surge. The proposal was aimed at reducing transaction fees and improving the overall efficiency of the network. The successful integration of this proposal has led to a drastic reduction in transaction fees, making transactions on these platforms more affordable and accessible to users.
The second quarter of the year saw a significant acceleration in this growth trend. The number of transactions on Arbitrum, Base, and Optimism platforms increased exponentially, contributing to the overall fourfold increase in transactions this year. This growth trend indicates a growing acceptance and use of these platforms by the crypto community.
In conclusion, the integration of EIP-4844 and the subsequent reduction in transaction fees have played a significant role in the increased number of transactions on Arbitrum, Base, and Optimism. The fourfold increase in transactions this year indicates a growing trend towards the use of these platforms, which is expected to continue in the future.
