zkSync, a layer 2 scaling solution for Ethereum, has recorded more transactions than the Ethereum mainnet in a month, processing 34.7 million transactions in the last 30 days.
According to L2Beat data, a total of 34.2 million transactions were recorded on the Ethereum mainnet during the same period. Next was Arbitrum with 31.4 million transactions in the last 30 days.
The recent increase in zkSync trading volume is due to the spread of Inscription, a feature originally created in Bitcoin, to the EVM network, including most layer 2 chains.
L2Beat’s data highlights that zkSync experienced its largest monthly transaction surge on December 16th. According to Dune data compiled by Dragonfly analyst Hildobby, sync inscriptions were released on the network, accounting for 4.6 million of the 5.3 million transactions that day alone.
Registration-related transactions
zkSync operates as a layer 2 network on the Ethereum mainnet. By bundling hundreds or thousands of transactions into a single cryptographic proof, we verify transactions much faster and cheaper than on the mainnet.
Since mid-December, inscription-related transactions have contributed to zkSync’s overall activity, helping it outperform both Ethereum and Layer 2.
Inscriptions are data contained in transaction call data that can be used to create alternative tokens and NFTs, like ordinal numbers in Bitcoin. These tokens include Ethscriptions on Ethereum, Doginals on Dogecoin, and Solana Inscriptions on Solana.
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