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Ethereum mainnet hits record-breaking 32B weekly gas expenditure
- Oluwapelumi Adejumo
- 2023-01-18
- 3202
- ETH
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Summary:Ethereum L2 networks spent a record-breaking 32 billion gas to validate transactions and activate bridges between Jan. 9 and Jan. 15.
According to the information of Dune Analytics, the second layer (L2) network of ETH consumed a record-breaking 32 billion natural gas from January 9 to January 15, an increase of 22.8% year on year, to authenticate transactions and stimulate highway bridges.
According to the data of Dune Analytics, Optimists (OP) contributed about 50% of the natural gas usage, with a seven-day moving average of 2.8 billion natural gas, followed by Arbitrum, accounting for about 30% of the market share.
As of January 17, the natural gas expenditure of the L2 network of ETH's main network was 66.35 billion, which is expected to break the 100 billion mark for the third month - the milestone of 100 billion at the beginning of November 2022.
L2 network handles more transactions than ETH main network
The activities of the top secondary networks (Arbitrum and OP) have increased significantly, resulting in a larger number of cooperative transactions handled by them than the ETH main network.
According to Dune Analytics, as of January 15, the total trading volume of OP and Arbitrum was 1.2 million, while ETH was about 1 million.
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