Arbitrum Now Responsible for 62% of All Ethereum Transactions

Arbitrum, a layer-2 rollup for Ethereum, has seen its network activity spike to new heights as anticipation mounts for an airdrop.

The buzz has boosted the total value of digital assets locked on the network (TVL) by more than 13% over the past month. Arbitrum’s TVL is now $1.05 billion, eclipsing Ethereum rival Solana and even direct competitor Optimism.

Not to mention, transactions have shot up more than 550% since the launch of its Nitro network upgrade in…


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