on Ethereum
The Ethereum blockchain is continuing to show its strength and potential as a leading platform for decentralized applications and digital asset transactions. On April 28, 2021, the Ethereum blockchain saw a record high of 1.54 million daily Layer 2 transactions, a significant milestone for the platform.
Layer 2 solutions are an important part of the Ethereum ecosystem, as they enable users to conduct transactions off-chain, allowing for faster and cheaper transactions than on-chain. The most popular Layer 2 solution on Ethereum is the Optimistic Rollup, which allows users to bundle multiple transactions into one and send them off-chain. This reduces the amount of data that needs to be stored on the Ethereum blockchain, resulting in faster and cheaper transactions.
The record high of 1.54 million daily Layer 2 transactions is a testament to the growing popularity of Ethereum as a platform for decentralized applications and digital asset transactions. The increasing number of Layer 2 transactions is also a sign of the growing demand for faster and cheaper transactions on the Ethereum blockchain.
The record high of 1.54 million daily Layer 2 transactions is also a sign of the increasing number of users and developers who are building on the Ethereum blockchain. This is due to the increasing number of decentralized applications being built on the platform, as well as the growing number of digital asset transactions taking place on the blockchain.
The record high of 1.54 million daily Layer 2 transactions is an exciting milestone for the Ethereum blockchain and a sign of its continued success as a leading platform for decentralized applications and digital asset transactions. As more users and developers continue to build on the Ethereum blockchain, this number is likely to continue to grow in the future.
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- Source: Plato Data Intelligence: PlatoAiStream