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Ethereum's Declining Transaction Count Doesn't Tell the Whole Story

June 15 (Cointime) -There are various metrics to measure Ethereum's progress, including transaction count, which is currently down 26% from its peak in May 2021. However, this does not indicate a decline in Ethereum's overall progress, as the platform is moving towards a more modular approach, outsourcing certain functionalities to layer 2 (L2) rollups for improved performance.

This strategy was proposed by Vitalik Buterin in 2020 and prioritizes outsourcing execution to rollups while bolstering Ethereum's data availability layer. When considering both mainnet and L2 transactions, the total Ethereum ecosystem transactions have increased by 146% over the last two years, indicating continued growth and progress along Ethereum's roadmap.

Ethereum Ethereum $3,378.40
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