Arbitrum Registers Record Activity Over the Last 2 Weeks as Transactions per Day Count Surges

In the past 20 days, the Arbitrum blockchain has recorded a important fig of transactions coinciding with the caller ARB airdrop that occurred connected March 23. About 2 weeks ago, connected that day, the Arbitrum web recorded an all-time precocious of 2.72 cardinal transactions settled successful 24 hours.

L2 Network Arbitrum Records 2.72 Million Transactions successful a Single Day, Transfer Count Remains Parallel With Ethereum’s Daily Rate

The Ethereum Layer 2 (L2) scaling solution, Arbitrum, has seen a important magnitude of enactment implicit the past 20 days oregon since March 16, 2023. The surge successful enactment follows Arbitrum outpacing Ethereum’s fig of transactions per time for the archetypal clip 41 days ago, connected February 23, 2023. After the milestone connected February 23, Arbitrum’s transactions per time (TPD) dropped beneath Ethereum’s TPD until March 16.

At that time, Arbitrum’s TPD erstwhile again surpassed Ethereum’s TPD, and the web reached its all-time precocious (ATH) connected March 23. That was the aforesaid time the ARB airdrop took place, and 1.275 cardinal ARB was distributed crossed the ecosystem. The Arbitrum blockchain recorded 2.72 cardinal transactions, portion Ethereum recorded 1.07 million.

As acold arsenic the L2 scaling task Optimism is concerned, the web has seen astir 150,000 to 430,000 transactions per day. When Arbitrum recorded the 2.72 cardinal TPD, Optimism saw conscionable implicit 228,000 transactions connected the aforesaid day. Since the Arbitrum TPD ATH, the web has seen astir 1 cardinal TPD since then, according to Dune Analytics data.

Statistics amusement that the existent outgo to transact connected the Arbitrum web is $0.33 per transaction, portion the median-sized Ethereum web transaction outgo is 0.0018 ETH oregon $3.47 per transfer. Arbitrum’s autochthonal token, ARB, has been trading for prices betwixt $1.22 to $1.28 per unit.

ARB has an wide marketplace capitalization of astir $1.5 billion, and ARB is ranked 40th among the apical crypto marketplace valuations. ARB’s trading measurement implicit the past time has been astir $556 million, and presently, the crypto plus is down 85% from its $8.67 ATH. It is besides 10% higher than the all-time debased of $1.11 per portion recorded 14 days ago.

What are your thoughts connected the imaginable of L2 scaling solutions similar Arbitrum to code the scalability issues of blockchain networks? Share your thoughts astir this taxable successful the comments conception below.

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