Home Metaverse Airdrop claims help Arbitrum process twice Ethereum’s transaction in 24 hours

Airdrop claims help Arbitrum process twice Ethereum’s transaction in 24 hours

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Network activity on the layer 2 network Arbitrum (ARB) hit a record high of 2.7 million transactions on March 23rd, double that of Ethereum (ETH) mainnet.

According to Dune analytics data, the ETH mainnet processed 1.07 million transactions, while competing layer 2 solution Optimism recorded 228,684 transactions.

Arbitrum Daily Transaction
Arbitrum Daily Transactions (Source: Dune Analytics)

On March 23, Arbitrum airdropped ARB tokens to users, increasing transactions per second (TPS) on Arbitrum One by 153.21% to 31.64. L2 beat.

On the same day, Arbitrum users Created 107,158 new addresses — This is the second time network users have created over 100,000 addresses in the past week.

On the other hand, increased network activity has increased gas consumption across layer 2 systems to 13.12 billion new ATHs. Over the past 24 hours, Arbitrum has also been one of his ETH top burners. According to ultrasound, approximately 190 ETH was burned through the sequencer’s inbox. data.

Arbitrum TVL increased by 62%

According to data from L2 Beat, the total value of assets locked in arbitrums (TVL) increased to $5.95 billion, a 62% increase from the $3.9 billion recorded on March 23rd.

Arbitrum TVL
Arbitrum TVL (Source: L2Beats)

Layer 2 solutions, on the other hand, continue to be popular among decentralized exchange (DEX) users. His DEX on the network he processed $1.21 billion in transactions, with Uniswap (UNI) accounting for more than half of this.

855M ARB tokens claimed

Blockchain analytics company Nansen Arbitrum airdrop Dashboard shows that 476,553 addresses have requested about 900 million ARB tokens in the last 24 hours.

ARB Airdrop Applicant
ARB airdrop applicants (Source: Nansen)

According to the Nansen dashboard, most of the biggest airdrop recipients are claiming tokens. Recall that the L2 website briefly crashed after many users attempted to request tokens at the same time.

look on chain report Two “super airdrop hunters” received a cumulative total of 2.3 million ARB tokens worth $3.2 million from 1,496 addresses.

On top of that, the ARB price has dropped 87% to $1.52 at the time of writing. crypto slate data. ARB’s price fluctuated wildly in the early hours of its launch as many claimants dumped their tokens.

Posted In: Ethereum, Layer2

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