According to data from DefiLlama, on Thursday, the trading volume on DEX Arbitrum reached $1.8 billion, surpassing Ethereum's trading volume by almost $400 million.
Furthermore, over the past week, Arbitrum set a new record for Total Value Locked (TVL), and the price of the network's native token, ARB, reached an all-time high.
Other Layer 2 blockchains are also experiencing significant growth. According to data from L2Beat, their combined Total Value Locked (TVL) stands at $20.7 billion, surpassing the total TVL of all other Layer 1 networks, except Ethereum.
Moreover, over the last 30 days, both ZkSync and Arbitrum have outperformed Ethereum in terms of transaction volume.
While these achievements indicate that some Layer 2 networks are gaining traction and displacing Ethereum in certain positions, it does not imply a negative impact on the main network.
L2 blockchains pay fees to transfer aggregated transactions to the Ethereum mainnet for final confirmation—a process that makes transactions irreversible and ensures the immutability of the blockchain. The growth in the number of Layer 2 transactions also contributes to the activation of mechanisms aimed at reducing the overall supply of ETH tokens.
