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Comment by pa7x1 | Hacker News Reader

Ethereum layer 1 is processing closer to 20 per second. In particular, it did 1716000 in the last 24 h.

Ethereum's layer 2 can handle tens of thousands transactions per second. These are then settled on chain as a single transaction. There are multiple layer 2 solutions already working and more are coming. It's not a pipedream anymore they are live.

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How many transactions per day are currently being run on Ethereum layer 2? I can't find this info.

Because layer 2 is nebulous.

You’ll have to look up the transactions for each ERC20 token with volume. Volume is much higher than the base chain, but we are still waiting on rollups and sharding to supercharge TPS.

"already working" hmm.

Yes, they're called rollups and several are already in production on the public chain.

they're not lying. Loopring is one example among half a dozen. The issue is that current L2's are purpose-built by individual dapps. What doesn't currently exist (should be released in next few months) is the code that lets you copy/paste your current L1 code into an L2 code with almost no effort. At that point all the current dapps running on L1 can just port over to L2 very quickly and without the huge risk of a bug in a ton of new code lines.

> What doesn't currently exist (should be released in next few months) is the code that lets you copy/paste your current L1 code into an L2 code with almost no effort

Why does that sounded like its already being solved by Matic? From my understanding, Polygon Matic do exactly that.

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