Ethereum's combined Layer 2 ecosystem has achieved a historic milestone, processing more daily transactions than the Visa payment network for the first time ever.
The Numbers
Arbitrum, Optimism, Base, and zkSync collectively processed 312 million transactions in a single day, surpassing Visa's typical daily volume of 280 million. Transaction fees averaged just $0.002 per transaction.
- L2 daily transactions: 312 million
- Visa daily average: 280 million
- Average L2 fee: $0.002
- ETH price impact: up 8% on the news
What This Means
This milestone validates Ethereum's scaling roadmap and challenges the narrative that blockchain cannot handle mainstream payment volumes. Coinbase's Base chain alone accounted for 40% of the L2 volume.
