• The variety of Arbitrum each day lively transactions has reached a brand new all-time excessive.
• Arbitrum is a layer 2 blockchain designed to extend scalability on the Ethereum blockchain.
• ETH is presently buying and selling fingers at $1,694.49 after a 1.91% enhance in worth.

The crypto analytics platform generally known as Nansen took to Twitter earlier this morning to share some new insights about Arbitrum. In line with the put up, the variety of Arbitrum each day lively transactions has reached a brand new all-time excessive.

Arbitrum is a layer 2 blockchain designed to extend scalability on the Ethereum blockchain. Arbitrum is being touted because the next-generation blockchain platform that goals to unravel the scalability problems with Ethereum blockchain expertise. It’s the most important layer two on Ethereum, utilizing roll-up expertise with a TVL of over 1 billion US {dollars}. At present, there are 184 protocols on Arbitrum, together with GMX, Aave, Uniswap, and others.

It’s the fifth largest of any L1 or L2 and information a market share of three% of TVL throughout all chains. Arbitrum’s market share has elevated considerably over the previous 12 months, up from 1% amongst all chains a 12 months in the past. This enhance is partially because of the progress of purposes within the Arbitrum ecosystem, such because the GMX perpetual alternate.

CoinMarketCap signifies that Ethereum (ETH) is presently buying and selling fingers at $1,694.49 after a 1.91% enhance in worth over the past 24 hours. Along with this, the largest crypto by market cap is within the inexperienced by greater than 11% over the past seven days.

ETH did, nonetheless, weaken towards BTC over the past day by about 1.48%. Its 24-hour buying and selling quantity can be within the purple zone and now stands at $8,998,894,960 after a greater than 22% lower since yesterday.

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