Arbitrum's network becomes busier than ever as the impending ARB token airdrop galvanizes investor interest in the Ethereum layer 2 scaling system. godbole17 reports
The number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, according to data source Arbiscan. The Ethereum mainnet processed around 1.08 million transactions.
Arbitrum's tally has increased by over 50% since it announced the token airdrop a week ago. The leading scaling project has found more than 400,000 new users in two weeks, taking the cumulative user base to over 3 million, according to data sourced from @Henrystats' Dune Analytics-based Arbitrum dashboard.About 625,000 wallets are eligible for the airdrop or free distribution of just over 1 billion ARB tokens later Thursday.
Airdrops involving the distribution of free tokens to the community are a common way of boosting adoption. ARB's total supply will be fixed at 10 billion.
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