Arbitrum Surpasses 1 Billion Transactions, Solidifies Position As Leading Layer 2 Solution

Arbitrum, the Ethereum Layer 2 optimistic rollup, has reached a significant milestone, surpassing 1 billion transactions since its launch in 2021.

This impressive achievement highlights its growing popularity and efficiency within the blockchain ecosystem.

While Base currently leads in daily transactions, Arbitrum maintains its dominance in total value locked (TVL), boasting an impressive $2.5 billion. Base follows closely with a TVL of $2.2 billion, showcasing a competitive landscape between the two Layer 2 solutions.

Arbitrum, an Ethereum Layer 2 optimistic rollup, has soared past 1 billion transactions since its 2021 debut.

While Base dominates daily transactions, $ARB still reigns supreme in total value locked (TVL) at $2.5 billion, edging out Base's $2.2 billion. pic.twitter.com/SEeEtMRD5l

— Kyledoops (@kyledoops) October 1, 2024

In terms of stablecoin supply, Arbitrum holds the fourth largest market share, representing 2.7% of the total stablecoin supply.

In comparison, Ethereum and Tron together account for a staggering 83.9% of all stablecoins, amounting to approximately $144.4 billion across both blockchains.

This positions Arbitrum as a key player in the stablecoin market, further solidifying its relevance in the crypto space.