Arbitrum (ARB), a Layer-2 based scaling protocol on the Ethereum blockchain has shared its latest performance report, showcasing how it surpasses the later network in terms of total transactions processed. As contained in its latest tweet, layer-2 said its Arbitrum One protocol processed a total of 1.26 million for the week.
While that may be tagged a sheer coincidence, the Arbitrum Nova layer also processed a total of 1.18 million transactions for the time under review. These figures compare to that which the main Ethereum protocol processed which came in at just 939,000.
Ethereum is considered a high performance blockchain protocol and is ranked the biggest smart contract platform in the crypto ecosystem. While its dominance remains unquestionable, transaction throughput is low and the cost of transactions is very high. Despite the latest transition to Proof-of-State (PoS) consensus model, the scalability of Ethereum still remains at a low ebb.
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