.stonecoldpat0 unveils secret sauce of Arbitrum $ARB success Arbitrum Ethereum
As covered by U.Today, there is strong evidence that Arbitrum's growth is fueled by real usage in DeFi: Airdrop hunters are only responsible for 5-6% of its transactions.By press time, Arbitrum remains the largest Ethereum-based network by TVL: It has accumulated $5.93 billion in liquidity across all of its verified protocols. This is equal to 56.16% of the whole Ethereum L2s ecosystem. Its closest competitor Optimism is responsible for $2.95 billion, or 27.8% of liquidity.
However, in the past week, Optimism has surpassed its rival in a number of crucial metrics, starting from the number of daily on-chain transactions.It was also closer to surpassing Arbitrum in the net number of daily active addresses. However, both metrics might only be rallying due to the hype around Worldcoin , a controversial eye-scanning project by OpenAI's Sam Altman.
That is why analysts are sure that nothing poses a threat to Arbitrum's dominance in the L2s segment it has kept for a couple of months.
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