Inscriptions craze buoys zkSync over Ethereum mainnet in 30-day transactions
zkSync‘s triumph marked the first time an L2 network surpassed Ethereum’s mainnet for monthly transactions. This was likely achieved thanks to the growing inscription trends from the Bitcoin network following developments by Casey Rodarmor and Domo, a pseudonymous blockchain builder. L2beats dashboard showed that zkSync saw its largest single-day transaction uptick on Dec. 16, the same day inscriptions were enabled on the L2 scaling network. Rodarmor created the Ordinals protocol that allowed users to embed files in call data on Bitcoin (BTC). Domo expanded on this idea with the BRC-20 token standard to birth token issuance and NFTs on BTCs network, akin to ERC-20 and defi on Ethereum. Since the first half of 2023, when inscriptions and ordinals debuted, the technology has spread to other blockchains, including Ethereum and Solana, sometimes causing network outages and sequencer issues like on Arbtrium. Ender Lu, CTO of Morph L2 and a former Binance Chain core developer stressed the need for more decentralized blockchain sequencers to mitigate future network downtime. Lu noted that this crucial piece of blockchain architecture leaned more towards centralization, warning that this spurs censorship concerns within Ethereums community and the broader blockchain ecosystem. If the block builders become more centralized, theres a risk of complete censorship.