Arbitrum Revenue Surge On Layer-2 Blockchain Growth
Layer-2 (L2) blockchains have seen significant growth, with Arbitrum (ARB) generating over $72 million in revenue last year, a nearly fourfold increase from last year’s bear market.
However, concerns about incentives for ARB token holders are increasing, as 73% of total earnings accrue to Ethereum holders.
L2 blockchains built on top of Ethereum process transactions off the main chain, aiding its scalability. Ethereum validators receive over 70% of daily transaction fees paid on Arbitrum.
ARB was trading at $1.86, reflecting a 9% growth over the past month. Investors with strong holdings have shown interest in L2 tokens, with addresses holding between 1,000 and 10 million cryptocurrencies increasing since December.
Additionally, approximately 140,000 new ARB holders were added during the period, indicating significant market demand.
(With inputs from Shikha Singh)
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