Arbitrum (ARB) critical threshold exceeded: Investors are excited!

Arbitrum ($ARB ) One, Ethereum's Layer-2, has surpassed one billion transactions since its mainnet launch in August 2021.

Arbitrum, which shows itself with its network activity, has surpassed a significant threshold. The network, which reached one billion transactions, created excitement among investors and the ecosystem. According to Blockscan data, its rival Base has recorded 755 million transactions so far, while $OP Mainnet has reached 347 million transactions.

Base, the network of cryptocurrency exchange Coinbase, is currently the leader in daily transactions according to The Block's data, while Arbitrum is in second place. According to DeFiLlama data, Arbitrum's total locked value (TVL) continues to be at the top among Layer-2 solutions with $2.5 billion. Base follows Arbitrum with $2.2 billion. Arbitrum, developed by Offchain Labs, is a Layer-2 solution. It creates an off-chain computing network that allows for faster and more cost-effective transactions while maintaining the security of the Ethereum blockchain.

Arbitrum One includes a security mechanism that allows for active fraud proofs and transaction challenges. However, it is still in its first phase and has not yet become completely permissionless.

Offchain Labs operates different Layer-2 networks on Ethereum, each with its own ecosystem. The first network, Arbitrum One, serves as the main chain.

This significant development in the Arbitrum network has not yet been fully reflected in the price. However, if the Layer-2 trend begins, BTC surpasses $65,000, or the dominance of $BTC falls, ARB may start to rise.

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