Arbitrum: Here’s what could be the key to Ethereum L2’s organic growth
Fixing the last piece here
Arbitrum managed to possess the largest market share of TVL among L2s. According to l2beat.com, Arbitrum held over $2.50 billion in TVL with a 52.58% market share among other major L2s. The closest competitor stands to be Optimism with $1.55 billion locked in at a 29.05% market share.
Well, Arbitrum has witnessed consistent growth in its total value locked (TVL) since July. From a TVL at $601.72 million, Arbitrum has managed to progress to 935.29 million at press time.
Also, Arbitrum’s daily transaction chart too reiterated a bullish picture. According to the latest data, transaction count reached just under the 270k mark on Arbitrum.
What happens to be more surprising is that Arbitrum does not even have a native token, unlike other competitors. But this might just change now as Arbitrum’s $ARB token is expected to launch soon.
Arbitrum's $ARB token is expected to launch soon.
According to a research report by Bernstein published on 21st September. And with that said the early user airdrop is imminent…
?So here is an updated thread on:
• 6 popular dApps to interact with and strategy.
— Airdrop Official? (@its_airdrop) September 25, 2022
In fact, Arbitrum had the strongest user and transaction momentum among the leading blockchains, Bernstein (a wealth management firm) said in a research report, and with that it stated, “the early user airdrop is imminent…”
Could the drop of a token help the platform? Well, it could, given the past especially, when Arbitrum’s Nitro launch was a success. Daily transactions surged to new all-time highs (breaking their September 2021 and July 2022 records and clocking in 318,777 transactions).
With this development, Arbitrum would get exposed to a large user base that OpenSea possessed. Ergo, helping with Arbitrum’s growth.