Arweave Network’s 2 billion transaction volume: leading project is eye-catching ARIS inscription is hot

Source: PermaDAO

Single-day transaction volume hits new high

Arweave network’s recent transaction volume has once again exceeded people’s imagination and is about to end in 2023 It once again hit the highest level in history.

Exaggeratedly, in December The three days from 18th to 20th were the top three highest single-day trading volumes in history.

On December 19, the transaction volume reached 36,112,203, an increase of 49.3% compared to the previous day.

With the transaction on December 19 The total transaction volume of Arweave network exceeded the 2 billion mark. To be honest, it came much faster than expected.

Just five months: from 1 billion to 2 billion

After reaching the 2 billion transaction volume milestone, Arweave founder Sam quickly tweeted: : It took 1868 days for the transaction volume to go from 0 to 1 billion; and it only took 150 days for 1 billion to 2 billion.

As you can see, from 1 billion It took only five months to reach the 2 billion milestone, which was 12 times shorter than the former. The scale Arweave has grown over the past year has put it on a rapid growth trajectory.

The leading project is making steady progress, and the ARIS inscription is the icing on the cake

Why does Arweave network transaction volume grow so rapidly? Judging from the data provided by Viewblock, everything is traceable.

As of December 20, in the past three days, the top three projects by transaction volume were Redstone, 4everland, and everPay .

Oracle project Redstone performs as usual Dingyan, in which the packaging and uploading of transactions is mainly completed through irys. Web 3.0 cloud computing platform 4EVERLAND is also growing steadily, with DataOS reporting a 351.9% increase in transaction volume this week, with nearly 5GB of data uploaded in just seven days.

Seeing that everPay has achieved significant growth recently, this is related to ARIS, the first inscription project in the ecosystem.

According to ARIS's technical documentation, the inscription process is completed by sending transactions to the black hole wallet through everPay. The high TPS feature of everPay can provide users with a silky casting experience. However, the influx of huge traffic in a short period of time caused everPay to crash, but it was quickly restored and withstood this performance stress test from Inscription.

Inscription Project ARIS on December 18 After opening for minting in the evening, everPay processed more than 390,000 transactions within half an hour. The influx of transaction data caused everPay network congestion. As of the morning of December 19, there were still hundreds of thousands of data waiting in line to be packaged and uploaded to the chain, and it was expected to take several hours to be processed.

Summary

Arweave network has been extremely active recently, which should be attributed to all the ecology project. Of course, the continued growth of leading projects, coupled with the promotion of the Inscription project, has pressed the fast-forward button for reaching the 2 billion transaction volume milestone.

Of course, this is just the beginning, so get ready for the next milestone.