Community exercise on layer-2 community Arbitrum (ARB) reached a brand new all-time excessive of two.7 million transactions on March 23 — doubling that of the Ethereum (ETH) mainnet.
Based on Dune analytics knowledge, ETH mainnet processed 1.07 million transactions — whereas rival layer-2-solution Optimism recorded 228,684 transactions.
On March 23, Arbitrum airdropped its ARB tokens to customers — growing its transaction per second (TPS) by 153.21% to 31.64 on Arbitrum One, in line with L2 Beat.
On the identical day, Arbitrum customers created 107,158 new addresses — the second time community customers created greater than 100,000 addresses over the previous week.
In the meantime, the elevated community exercise additionally propelled the fuel consumption throughout layer-2 techniques to a brand new ATH of 13.12 billion. Prior to now 24 hours, Arbitrum was additionally one of many high ETH burners. Roughly 190 ETH have been burnt by its sequencer inbox, in line with ultrasound.cash knowledge.
Arbitrum TVL rises 62%
Based on L2 beats knowledge, the overall worth of belongings locked (TVL) on Arbitrum has elevated to $5.95 billion — up 62% from $3.90 billion recorded on March 23.
In the meantime, the layer2 answer stays fashionable for decentralized exchanges (DEX) customers. DEXs on the community processed $1.21 billion in transactions, with Uniswap (UNI) accounting for greater than half of this.
855M ARB tokens claimed
Blockchain analytical firm Nansen Arbitrum’s airdrop dashboard exhibits that 476,553 addresses have claimed virtually 900 million ARB tokens within the final 24 hours.
Based on the Nansen dashboard, many of the greatest airdrop recipients have claimed their tokens. It might be recalled that the L2 web site quickly crashed after many customers tried to assert their tokens concurrently.
Lookonchain reported that two “tremendous airdrop hunters” obtained 2.3 million ARB tokens value $3.2 million from 1496 addresses, cumulatively.
In addition to that, ARB value tanked 87% to $1.52 on the time of writing, in line with CryptoSlate knowledge. ARB value had closely fluctuated in the course of the early hours of its launch as many claimers dumped their tokens.