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Community exercise on Layer 2 of the Arbitrum (ARB) community hit a brand new all-time excessive of two.7 million transactions on March 23 — double that of the Ethereum (ETH) mainnet.
In line with Dune analytics, the ETH mainnet processed 1.07 million transactions — whereas rival Layer 2 answer Optimism noticed 228,684 transactions.
On March 23, Arbitrum issued its ARB tokens to customers – rising its transaction per second (TPS) by 153.21% to 31.64 on Arbitrum One, in response to L2 beat.
On the identical day, Arbitrum customers created 107,158 new addresses — the second time that community customers have created greater than 100,000 addresses previously week.
In the meantime, elevated community exercise additionally boosted fuel consumption in Layer 2 programs to a brand new 13.12 billion ATH. Within the final 24 hours, Arbitrum has additionally been one of many greatest burners of ETH. Roughly 190 ETH was burned by means of his inbox sequencer, in response to ultrasound.cash information.
Arbitrum TVL grows 62%
In line with L2 beats information, the whole worth of property locked (TVL) on Arbitrum rose to $5.95 billion — a 62% improve from the $3.90 billion recorded on March 23.
In the meantime, the layer2 answer stays in style for customers of decentralized exchanges (DEX). On-line DEXs processed $1.21 billion in transactions, with Uniswap (UNI) accounting for greater than half of that.
855 million ARB tokens have been taken
An airdrop dashboard from blockchain analytics agency Nansen Arbitrum reveals that 476,553 addresses have downloaded almost 900 million ARB tokens within the final 24 hours.
In line with the Nansen dashboard, many of the high airdrop recipients have claimed their tokens. Recall that the L2 web site briefly crashed after many customers tried to assert their tokens on the identical time.
Lookonchain reported that two “tremendous airdrop hunters” obtained 2.3 million ARB tokens value $3.2 million from 1496 addresses, cumulatively.
As well as, the worth of ARB has fallen 87% to $1.52 on the time of writing, in response to CryptoSlate information. The worth of ARB fluctuated wildly within the early hours after launch as many claimants dumped their tokens.
