This Ethereum scaling solution will have a great start in 2024

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The layer 2 blockchain zkSync Era scales its outstanding performance in 2024, consistently processing more transactions than any other Ethereum scaling solution.

Leading market segments in the zkSync era

According to an Ethereum Daily post, zk-rollup has seen more than 1.5 million daily transactions in the past 24 hours.

The two giants Arbitrum and Optimism ranked second and fourth respectively.

🔥Summary of the top 5 daily transactions:

1.zkSync era
2. Arbitration No. 1
3. Mantle
4.OP main network
5. New Arbitration pic.twitter.com/CQKRdRPCya

— Ethereum Daily (@ETH_Daily) January 7, 2024

According to data obtained by L2Beat, the cumulative settlement transaction volume of zkSync Era in the past 30 days has exceeded 40 million, which is the most among Ethereum L2 solutions.

Source: L2Beat

The zkSync Era also achieved a high average throughput of 16.11 transactions per second (TPS) over the past 24 hours.

In fact, the zkSync Era is the only L2 network to consistently record double-digit TPS over the past month. On December 16, it reached a single-day average peak of 62.07 TPS.

The zkSync era also dominates other aspects of network operations. It has had the most daily active users over the past two months, according to Artemis data.

The number of unique active addresses on January 6th was 399.89K, which is more than the next four positions on the list combined.

Source: Artemis

TVL zkSync era low

While the zkSync Era is strong on a network basis, it still lags behind in attracting decentralized applications (dApps) and their associated liquidity.

As of this writing, the network’s total value locked (TVL) is only $541 million, significantly lower than Arbitrum, OP mainnet, and even Base.

Source: L2Beat

Will we see airdrops in 2024?

Strong network activity almost always leads to speculation about potential airdrops. Although zkSync has not released any official statement or even hinted at this scenario.

Airdrops have always been a controversial topic in the cryptocurrency community. While some view them as marketing gimmicks, proponents believe they can have a powerful impact on user engagement and the overall success of a project.