On August 13, Ethereum L2 reached a record high of 12.52 million transactions.
Coinbase topped the list with 3.98 million transactions, followed by #Arbitrum One with 1.79 million transactions.
Despite the increase in transaction volume, fees dropped sharply to $171,514, a 96% decrease from March.
On August 13, the #MarketDownturn Layer 2 (L2) network saw a surge, with 12.52 million transactions recorded in just one day. This surge far exceeded the all-time high (ATH) of 11.5 million transactions recorded on April 4. The increase in marketplace activity is mainly attributed to Coinbase's Base and Arbitrum One.
the record transaction volume is a reflection of the exponential growth in adoption and utilization of Ethereum's L2 network.
#Etheriam Layer 2 set a new record of 12.42 million transactions per day.
scalability is rapidly improving.
According to growthepie, Base, a relative newcomer to the Ethereum ecosystem, set a daily record with 3.98 million transactions. Such numbers are staggering considering that Base, which launched just over a year ago, has quickly become the dominant player in the sector.
Be followed by Arbitrum One, which recorded 1.79 million transactions on Aug. 13; Arbitrum One has been in operation for nearly three years and maintains a strong presence in the Ethereum L2 market. The importance of Base and Arbitrum One in achieving record transaction volumes underscores their key role in strengthening Ethereum.
Despite the surge in transactions, fees paid by users have dropped significantly: on August 13, the total amount paid on the Ethereum L2 network was just $171,514, down from a peak of $4.2 million on March 5.
The 96% reduction in fees reflects a broader trend of lower user costs, even as transaction volumes hit new records.
The active addresses on the L2 Ethereum network show varying levels of performance. Base, the current leader, registers 3.
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