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Arbitrum is Exploding (Patreon)

Published:
2023-02-19 04:24:02
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no token yet, but this L2 is really taking off.

Not far behind ETH and next up could be MATIC.

Arbitrum is seeing ~4x the number of daily txs as Optimism.


Another view is here and I have not seen a chain do this since SOLANA.

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Comments

Anonymous

Big statement 🥃

Anonymous

Definitely moving fast. I will have to keep an eye on it. Thank you.

Anonymous

I just found out The Graph is migrating to Arbitrum for cheaper transaction fees.

rscx

Not everything in crypto needs a token, Arbitrum is better off without it. A big weakness in crypto is the obsession with tokens and price speculation. Arb doesn’t need a token ETH is already the token. It’s cheaper fees to use the ETH chain, just pay in smaller amounts of ETH.

Anonymous

Me too

Anonymous

Keep us posted please James on your plan with this.

Anonymous

Always exciting when something new enters this crypto world and kicks butt

Anonymous

How do you get exposure to Arbitrum?

Anonymous

Seems a lot of hype around this. To keep up to date join their discourse (OffChain Labs) to learn more about Testnet etc… There are some interesting projects out there SUI / Drift Protocol and others.

Anonymous

Do we know what's the growth of transaction volume on Arbitrum in the same period? Dunno if that's related but there has been a lot of talk about potential airdrop and a lot of ppl started to interact with the network but not actually generating much volume. I know Arbitrum is getting momentum but such a big increase in daily transaction without corresponding spike in volume could suggest exactly that.

Anonymous

James, can you give us an update on your DeFi experiences of late? Thanks🤙

Anonymous

Where and when can we buy a token for arbitrun?

Anonymous

As you often said, sounds like you be liking this only after Solana?

Anonymous

Would be worth checking how much of those transactions are related to meme coins. I’d imagine a large percentage. Not necessarily a bad thing as it does help network growth. But certainly Solana growth at the beginning was more organic. Would be interesting if we start seeing more developers coming to arbitrum. Still good to play with it and hopefully get airdrop in the future

Anonymous

So how do we interact with the arbitrom protocol to get an airdrop?

Anonymous

Love the hat tip to Fantom that you incorporated into the graph :)

Anonymous

I’d still like to know how we interact with our bedroom? I did something for ZK roll ups to hopefully get an airdrop there but I’ve not heard about how to do the Arbitron.