zkSync, a Layer 2 scaling solution for Ethereum, recorded more transactions than the Ethereum mainnet during a one-month period, processing 34.7 million transactions in the last 30 days.
According to data from L2Beat, a total of 34.2 million transactions were recorded on Ethereum’s mainnet during the same period. Next in line was Arbitrum, which saw 31.4 million transactions in the last 30 days.
The recent increase in transaction volume on zkSync is attributed to the spread of inscriptions – a feature originally created on Bitcoin – to EVM networks, including most Layer 2 chains.
Data from L2Beat shows that zkSync experienced its largest monthly transaction increase on December 16. Then sync enrollment rolled out across the network and accounted for 4.6 million of the 5.3 million transactions that day alone, according to Dune data collected by Dragonfly analyst Hildobby.
Enrollment-related transactions
zkSync works as a Layer 2 network on the Ethereum mainnet. By bundling hundreds or thousands of transactions into a single cryptographic proof, it verifies transactions much faster and cheaper than the mainnet.
Since mid-December, inscription-related transactions have contributed to zkSync’s overall activity, surpassing both Ethereum and its Layer 2 systems.
Inscriptions are data embeddings found in transaction call data and, like Ordinals on Bitcoin, can be used to create alternative tokens and NFTs. Such tokens include Ethscriptions on Ethereum, Doginals on Dogecoin and Solana Inscriptions on Solana.