Arbitrum announced the distribution of 9 million ARB tokens. Arbitrum’s daily transactions clocked a year-to-date (YTD) growth rate of about 259%. Arbitrum achieved a big milestone last week when it surpassed Ethereum [ETH] in daily transactions for the first time ever. The layer-2 scaling solution has seen significant growth in its user base of late […]
As part of the airdrop, Arbitrum announced the distribution of 9 million ARB tokens, which could be claimed by users based on their on-chain activity.It remained to be seen whether airdrop would continue to boost trading activity on the chain. But as things stand, the surge in Arbitrum’s daily transactions was remarkable, clocking a year-to-date growth rate of about 259%, per data from Arbiscan.There was considerable growth in the number of new users who transacted on the platform.
The average gas price for Ethereum stood at 21.39 Gwei at the time of writing while it was just 0.1 Gwei for Arbitrum.
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