Arbitrum’s daily transactions reached a new all-time high. Consequently, revenue generated by the platform increased. Over the past few days, there has been an air of optimism in the crypto space. Arbitrum managed to cash in on this sentiment. According to new data, Arbitrum has reached a new all-time high in terms of the number […]
Consequently, revenue generated by the platform increased.managed to cash in on this sentiment., Arbitrum has reached a new all-time high in terms of the number of transactions. The network logged in 690,000 daily transactions.One of the reasons for this spike in activity was the growing number of stablecoin inflow on the network. In the past month, the inflow for USDC increased by 31% and for USDT and DAI, it increased by 45% and 68% respectively.
During the same period, the network growth of these stablecoins also increased. However, DAI’s network growth was low compared to the other stablecoins. DEX also played a role in increasing activity on Arbitrum. DEXes such as Trader Joe, witnessed a massive uptick in volume over the past few days. We’re proud to have hit a new all-time-high of over $23m daily volume on Arbitrum, which puts us as a top 3 DEX 💙🧡And we’re not stopping anytime soon.
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