Arbitrum Takes the Lead in Daily Transactions, Ethereum Trails Behind
The usage of Arbitrum (ARB) has surged as the layer-2 scaling solution distributed 12.75% of its token supply through an airdrop.
The Arbitrum Foundation aims to make the ecosystem more decentralized than other Ethereum (ETH) scaling chains by giving eligible users the tokens.
To claim ARB safely and vote for an ecosystem delegate, users are advised to use the http://arbitrum.foundation website.
After the airdrop on Thursday, March 23rd, the number of daily transactions on Arbitrum dramatically increased to 2,733,872, as reported by the blockchain explorer Arbiscan. In comparison, on Wednesday, the transactions were at just 1,218,525.
Ethereum’s leading smart contract recorded only 1,073,049 and 1,077,305 daily transactions on March 22nd and 23rd, respectively.
Coinbase recently added ARB to its roadmap listing in anticipation of the airdrop, and Binance has also listed the token.
However, ARB is experiencing significant losses, with Arbitrum’s value now at $1.34, representing a 73.44% decrease over the past 24 hours.