reporter
Posted:
- The number of transactions on the Soneium testnet has exceeded 3 million.
- Meanwhile, top L2s such as ARB and OP have turned strong.
Popular Japanese tech company Sony has entered the blockchain space with the launch of Soneium, the latest Ethereum (ETH) L2.
Its recent release has created quite a buzz in the community, and Soneium has become one of the most talked about topics in its field.
The popular sonerium
Sony announced the launch of ETH L2 on August 23rd. Official statementSoneium is the infrastructure network that forms the foundation of Web3.
The goal of this new blockchain platform is to democratize blockchain technology and accelerate Web3 innovation.
According to the official announcement,
“Going forward, we will explore and develop plans to open the network to the public, and create new services by leveraging various businesses and IPs within the Sony Group, so that Soneium can become an infrastructure that everyone can use on a daily basis.”
Applications compatible with Soneium’s network will allow end users to access the platform and engage with services related to entertainment, Web3 games, and NFT marketplaces offered by individual apps.
L2 gained a lot of popularity shortly after its release, as evident from the increase in mentions seen in global Google Trends data last week.
Source: Google Trends
AMBCrypto looked into Sonium’s testnet statistics to see how well it was performing. According to our analysis, the Soneium/Minato testnet has processed over 1.3 million blocks in total.
The testnet has exceeded 3.3 million transactions and has over 200,000 wallets. At the time of writing, the daily transactions were 123,000. Explorer testnet.soneium.
Source: Explorer.testnet.soneium
How are the other L2s doing?
Since Soneium is one of the latest additions to the thriving Ethereum L2 ecosystem, AMBCrypto planned to check out the best ETH L2: Arbitrage (ARB) and Optimism (OP) I was doing it.
To confirm this, we used Artemis’ data.
According to our analysis, ARB still dominated OP in terms of daily active addresses and daily transactions last month.
However, despite having a huge lead in network activity, the fee and profit graphs of ARB and OP were closely linked.
Source: Artemis
Realistic or not, here it is. ARB’s market cap in BTC terms
However, OP outperformed ARB in terms of price last week. On the one hand, OP posted a 7% price increase per week, while on the other hand, ARB’s price rose by only 2%.
At the time of writing this article, OP transaction It has a market cap of over $1.7 billion and was trading at $1.47. Arbitrum has a market cap of over $1.8 billion and was trading at $0.518.