Arbitrum Daily Transactions Reaches New ATH Just Below 700k
- The number of Arbitrum daily active transactions has reached a new all-time high.
- Arbitrum is a layer 2 blockchain designed to increase scalability on the Ethereum blockchain.
- ETH is currently trading hands at $1,694.49 after a 1.91% increase in price.
The crypto analytics platform known as Nansen took to Twitter earlier this morning to share some new insights about Arbitrum. According to the post, the number of Arbitrum daily active transactions has reached a new all-time high.
Arbitrum is a layer 2 blockchain designed to increase scalability on the Ethereum blockchain. Arbitrum is being touted as the next-generation blockchain platform that aims to solve the scalability issues of Ethereum blockchain technology. It is the most significant layer two on Ethereum, using roll-up technology with a TVL of over 1 billion US dollars. Currently, there are 184 protocols on Arbitrum, including GMX, Aave, Uniswap, and others.
It is the fifth largest of any L1 or L2 and records a market share of 3% of TVL across all chains. Arbitrum’s market share has increased significantly over the past year, up from 1% among al…
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