Ethereum Layer-2 Arbitrum Sees ‘Influx’ Of New Users
Arbitrum, an Ethereum rollup with assets worth $5.77 billion bridged to it, continued to see increased growth last quarter. The activity comes after a highly anticipated airdrop in March this year.
Nansen report shows layer-2 blockchain activity is strong due to higher transaction count and new participant influx.
The blockchain has seen increased activity since the March airdrop, with new wallets transacting for the first time. Analysts predict more organic activity, with new users surpassing Ethereum on certain days in Q2.
In contrast, Optimism, which conducted its airdrop on May 31, 2022, didn’t see the same rise in activity following its airdrop.
(With inputs from Shikha Singh)
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