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HomeCryptoArbitrum broke its own record, but what is the reason? money moguls

Arbitrum broke its own record, but what is the reason? money moguls

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  • Arbitrum’s daily trading volume has reached an all-time high.
  • As a result, the revenue generated by the platform increased.

In recent days, there has been an atmosphere of optimism in the crypto space. Mediation He successfully capitalized on this sentiment.

According new data, Arbitrum has reached a new all-time high in terms of the number of transactions. The network registered 690,000 daily transactions.

Source: Arbscan

One of the reasons for this increase in activity was the increasing number of stablecoins flowing onto the network. In the last month, USDC inflows increased 31%, and USDT and DAI inflows increased 45% and 68%, respectively.

During the same period, the network development of these stablecoins also increased. However, compared to other stablecoins, the growth of the DAI network was low.

The DEX also played a role in the increased activity on Arbitrum. DEXs like Trader Joe’s have seen a huge increase in volume in recent days.

some key directions

Although there has been an increase in activity on Arbitrum, it is important to note that the majority of addresses on the network have made fewer than 100 transactions.

21% of all addresses are one-time users. This implies that most of the activity on the network was carried out by a few dominant addresses.

Source: Dune Analytics

One of the reasons for the increased activity of these top addresses could be the amount of ETH that was being saved using Mediation.

According to data from Dune Analytic, there has been a slight increase in ETH saved by Arbitrum users.

Source: Dune Analytics

As a result of all the above factors, the revenue generated by Arbitrum also went north. According to Token Terminal, it increased by 76% in the last month.

Well, the income generated by Arbitrum can be put to good use in developing the general network.

Finally, the growing number of daily active users on Arbitrum suggested that the developers were constantly working to improve the Layer 2 solution.

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