The globe'due south near popular decentralized exchange, Uniswap, is seeing layer-ii volumes surge as Ethereum transaction fees surge in one case again.

On Tuesday, Uniswap founder Hayden Adams tweeted that daily volume across v3 deployments of the decentralized exchange on layer-ii networks has pushed into record levels. Adams estimated that Uniswap v3 processed an unprecedented $115 1000000 in combined daily volume across the Arbitrum and Optimism networks without providing a source.

While Adams' post was published amid superlative United States trading hours, data sourced from analytics provider Nomics at the time of writing (3:00 am UTC) suggests that Uniswap v3 collection $80 million in volume on Arbitrum and roughly $14 million on Optimism over the past 24 hours, respectively.

Withal, Uniswap'due south v3 combined layer-two volumes are even so tiny compared to its mainnet deployment, which currently represents $ane.3 billion in daily action, according to CoinGecko.

Related: Ethereum layer twos reportedly processing more transactions than Bitcoin

Despite the Ethereum Foundation and crypto venture giant Andressen Horowitz bankroll Optimism, Arbitrum appears to accept emerged as the decentralized finance community'southward second-layer rollups solution of selection.

According to layer-two data aggregator L2beat, Aribtrum represents threescore% of the total value locked (TVL) beyond layer-two networks combined since its mainnet launch in early September. Arbitrum's TVL currently sits at $two.29 billion after increasing past xiv% over the past week.

Decentralized derivatives exchange dYdX ranks 2nd behind Arbitrum with $838 1000000 or 22% of value locked in the sector. Comparatively, Optimism has attracted just $269 meg in locked uppercase, ranking as the third-largest layer ii with a 7% share of TVL.

The combined TVL of layer-two networks tagged a record-high $iii.8 billion on Sunday.