Daily Transactions on Arbitrum Surge to New High Ahead of ARB Airdrop
Daily transaction volumes on the layer-2 solution Arbitrum have hit a new record as the ARB token airdrop event approaches.
Daily Transactions on Arbitrum Surge to Record High Before ARB Airdrop
According to Arbiscan data, daily transactions on Arbitrum have reached a new high of 1,312,052, surpassing the previous record of 1,103,398 transactions on February 21. This includes approximately 1.08 million transactions processed on the Ethereum mainnet.
The volume of ARB orders has also increased by over 50% since the project's airdrop announcement. Ethereum's layer-2 solution has added more than 400,000 new users in the past two weeks, bringing the total number of platform users to over 3 million, according to Dune Analytics.
Interested in: What is Arbitrum (ARB)? - The Most Detailed Information on ARB
Daily transaction volumes on Arbitrum hit a new peak on March 23. Source: Arbiscan
The transaction volume on Arbitrum has even exceeded that of its base layer, Ethereum, which has been averaging 1-1.2 million daily transactions.
Ethereum Daily Transaction Volume Over the Last 6 Months, Snapshot from Etherscan on March 23, 2023
In this first airdrop event, Arbitrum has distributed over 1.162 billion ARB to approximately 625,000 eligible wallets, which is 11.62% of the initial 10 billion ARB supply.
At the time of writing, the pre-trading token for Arbitrum, ARB IOU, is trading around $6 on Hotbit. Recently, there have even been ARB put options with prices reaching up to $16 on Clober.
Additionally, exchanges such as Gate.io, MEXC, OKX, Bybit, Huobi, KuCoin, Bitget, and Binance have all scheduled listings. Most are set for 8:00 – 9:00 PM on March 23 (Vietnam time), with Binance listing ARB at 00:00 AM on March 24.
The airdrop event tonight marks Arbitrum’s transition to a fully decentralized autonomous organization (DAO). In recent days, the term “Arbitrum” has dominated trending searches in many countries, according to Google Trends, highlighting the immense excitement surrounding this event.
