Arbitrum Sees Surge in Transaction Volume Ahead of Potential Airdrop
There has been a recent surge in transaction volume on the ETH layer-2 network Arbitrum as hype builds around a potential airdrop.
With the recent surge in popularity of crypto airdrops, many people are now looking to Arbitrum as a way to get their hands on some free digital currency.
Delphi Digital's report is yet another sign that Arbitrum is becoming increasingly popular among Ethereum users. With 62% of all transactions taking place on the platform this week, up from just 12% in August, it's clear that Arbitrum is becoming the go-to choice for many users. With its ease of use and strong security features, it's no wonder that Arbitrum is seeing such strong growth.
Offchain Labs is on a roll, with weekly active users spiking in October. Since Oct. 10, weekly active users have grown 125% to reach a new all-time high of 282,000. This is a huge increase and shows that Offchain Labs is becoming more and more popular. Keep an eye on this company, as it is sure to continue to grow in the coming months.
“Much of the activity is likely from speculators trying to boost their on-chain activity in the hopes of receiving a larger airdrop.”
This week, @arbitrum had ~62% as many transactions as Ethereum L1. pic.twitter.com/DyuDNAjRGz
— Delphi Digital (@Delphi_Digital) November 3, 2022
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Offchain Labs is gearing up to launch its much-anticipated airdrop, and co-founder Steven Goldfeder has hinted that it will be an event to remember. In a recent tweet, Goldfeder teased that "the appetizer is always served before the main course," hinting at the scale and scope of the airdrop. With Offchain Labs' impressive track record of innovation in the blockchain space, it's safe to say that the airdrop will be one of the most anticipated events of the year.
The increase in transactions on the Optimistic Rollup layer-2 scaling network is very encouraging news. This suggests that more and more users are beginning to utilize this valuable resource. I believe that this trend will continue, and that the Optimistic Rollup network will become increasingly popular in the months and years to come.
Arbitrum's dominant market share and increasing value locked over the past fortnight show that it is a robust and reliable platform that is here to stay. Airdrop hunters may see it as a quick and easy way to make money, but the long-term stability and growth of Arbitrum is what makes it a worth investment.
The deployment of Arbitrum's Nitro upgrade at the end of August has led to even faster and cheaper L2 Ethereum transactions. This has also contributed to the increase in transaction volumes and TVL. With the Nitro upgrade, Arbitrum is poised to become the go-to platform for L2 Ethereum transactions, providing users with the speed and affordability they need.
I think it's great that people are sharing tips on how to get free tokens from airdrops. I think it would be even better if there was a way to guarantee getting free tokens from airdrops. Maybe some kind of airdrop insurance?
“The Arbitrum token (and airdrop) is coming sooner than we think. People made $10,000-$50,000 from Optimism. Arbitrum is next.”
It's great to see that the Arbitrum platform is being used for a variety of purposes. I think it's a really powerful tool that can be used for a lot of different things. I'm excited to see what else people come up with for using the platform.
It's disappointing to see that Optimism's airdrop was once again immediately dumped on the market. This token sale model is becoming increasingly popular, but it's clearly not working if the tokens are just being sold off immediately. Hopefully, Optimism can find a better way to distribute their tokens in the future.
When will the zkSync airdrop take place?
I believe that zkSync has the potential to be a major player in the layer-2 space. The platform's zero-knowledge rollup technology could allow Ethereum developers to port their applications directly to layer 2, which would greatly increase the scalability and efficiency of the Ethereum network. I believe that zkSync could be a major force for good in the Ethereum ecosystem and am excited to see what the future holds for the platform.
There is speculation that an airdrop may be forthcoming for the zkSync platform, as there is no native token currently in circulation. If true, this would be a major coup for the seventh largest L2 platform, which currently has a total value locked of $61.7 million.
The post Arbitrum Activity Spikes as Airdrop Hunters Flood the Network appeared first on CryptoPotato. This is great news for the Arbitrum network and ecosystem as a whole. This influx of new users is sure to bring new energy and excitement to the project.
