Arbitrum One Surpasses 1 Billion Transactions Since Launch - Coincu

Key points:

• Arbitrum One, a Layer 2 rollup for Ethereum, has surpassed 1 billion transactions since its mainnet launch in August 2021.

Arbitrum One surpasses 1 billion transactions since its August 2021 launch, solidifying its position as a leading Layer 2 Ethereum solution with $2.5 billion in TVL.

Arbitrum One Surpasses 1 Billion Transactions Milestone

Arbitrum One, the Ethereum Layer 2 rollup solution, has breached the milestone of over 1 billion transactions since its mainnet launch back in 2021.

The success recorded on the platform points to scalability and how efficiently the processing of transactions is, with security maintained via Ethereum’s blockchain. This comes at a time when Arbitrum has been consistently leading the different Layer 2 solutions in terms of TVL.

Read more: Arbitrum Bridge Now Supports OKX Web3 Wallet!

How Arbitrum One Became a Leading Layer 2 Solution

Optimistic Rollup is utilized with Arbitrum, enabling users to have faster and lower-cost transactions. Since it takes a great deal off the load of the Ethereum network by processing transactions off-chain, only verifying them when challenged, Arbitrum retains $2.5 billion in TVL to keep its head above water against the newer competitors of Base and OP Mainnet.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.