Exercise for layer-2 communities On March 23, the number of transactions on the Arbitron (ARB) main net doubled that of the Ethereum (ETH) mainnet, setting a new record high.
According to Dune analytics data, the ETH mainnet handled 1.07 million transactions, compared to the layer-2 competitor Optimism’s 228,684 transactions.
In reaction to L2 Beat, Arbitrum airdropped its ARB tokens to users on March 23, increasing its transaction per second (TPS) on Arbitrum One by 153.21% to 31.64.
Customers of Arbitrum generated 107,158 new addresses on the same day, marking the second time in the preceding week that this number exceeded 100,000.
The increased community activity also contributed to layer-2 programs’ increased fuel consumption, which reached a new ATH of 13.12 billion. Arbitrum was one of many major ETH burns over the past 24 hours. In reaction to the ultrasound, over 190 ETH had been burned through its sequencer inbox—data on money.
TVL Arbitrum increases by 62%
According to data from L2 Beats, the total value of assets locked (TVL) on Arbitrum has increased to $5.95 billion, up 62% from $3.90 billion.
In the interim, clients of decentralized exchanges (DEX) continue to favor the layer2 resolution. Uniswap (UNI) accounted for over half of the $1.21 billion transactions completed by the community’s DEXs.
claimed 855M ARB tokens
The airdrop dashboard for Nansen Arbitrum, a blockchain analytics company, shows that 476,553 addresses have claimed nearly 900 million ARB tokens.
The majority of the top airdrop recipients have all collected their tokens, according to the Nansen dashboard. You may remember that when several users attempted to say their tokens at once, the L2 website briefly crashed.
Two “tremendous airdrop hunters,” according to Lookonchain, amassed 2.3 million ARB tokens worth a total of $3.2 million from 1496 addresses.
Additionally, according to data from CryptoSlate, the value of ARB fell 87% to $1.52 at the time of writing. As many claimers ditched their tokens in the early going, the value of ARB varied considerably.