{"id":334197,"date":"2023-06-15T07:09:36","date_gmt":"2023-06-15T06:09:36","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=334197"},"modified":"2023-06-15T07:09:36","modified_gmt":"2023-06-15T06:09:36","slug":"daily-active-users-and-transaction-count-on-arbitrum-has-increased-post-airdrop","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/daily-active-users-and-transaction-count-on-arbitrum-has-increased-post-airdrop\/","title":{"rendered":"Daily active users and transaction count on Arbitrum has increased post airdrop"},"content":{"rendered":"

In the weeks after the ARB airdrop, unique users and transaction counts on Arbitrum have remained high on average compared to pre-airdrop levels, Nansen data shows.<\/p>\n

Arbitrum airdropped its ARB token on March 23, which pushed its transaction count to an all-time high. A day later, the number of new users on the network reached a record high.<\/p>\n

The number of new users on Arbitrum has been slowly declining from its all-time high but remains above Optimism, data indicates. In fact, Abritrum has been competing with Ethereum, often flipping the second-largest blockchain in terms of users and transaction numbers.<\/p>\n

The activity of Arbitrum airdrop recipients declined sharply after the airdrop, just like it did after the Optimism airdrop. ARB airdrop recipients accounted for 5% to 20% of transactions on Arbitrum before March 2023, according to Nansen data. However, after the airdrop, the recipients account for only 5% of the transactions on the network. In the case of Optimism, airdrop recipients went from representing 30% to 65% of the transactions to 6% at present.<\/p>\n

Additionally, the amount of gas spent on Arbitrum has been increasing, indicating growing usage of the blockchain. According to Nansen data, 17,000 Ethereum (ETH) worth $29.6 million was spent on transaction fees on Arbitrum over the past 6 months. Around 71% of these fees were generated for Ethereum.<\/p>\n

The number of Ethereum transactions bridging to Arbitrum peaked during the airdrop in March. After Polygon, Arbitrum remains the most popular layer 2 for bridging from Ethereum, according to Nansen data. However, smaller players like Starkware, zkSync, PulseChain, and Across have increasingly gained market share between March and May 2023, the Nansen report noted.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In the weeks after the ARB airdrop, unique users and transaction counts on Arbitrum have remained high on average compared to pre-airdrop levels, Nansen data shows. Arbitrum airdropped its ARB token on March 23, which pushed its transaction count to an all-time high. A day later, the number of new users on the network reached […]<\/p>\n","protected":false},"author":1386,"featured_media":334226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,76736],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nDaily active users and transaction count on Arbitrum has increased post airdrop<\/title>\n<meta name=\"description\" content=\"Arbitrum's user and transaction count has been rivaling that of Ethereum's, often flipping the second-largest blockchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/daily-active-users-and-transaction-count-on-arbitrum-has-increased-post-airdrop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily active users and transaction count on Arbitrum has increased post airdrop\" \/>\n<meta property=\"og:description\" content=\"Arbitrum's user and transaction count has been rivaling that of Ethereum's, often flipping the second-largest blockchain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/daily-active-users-and-transaction-count-on-arbitrum-has-increased-post-airdrop\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T06:09:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/06\/arbitrum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Monika Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monika Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/daily-active-users-and-transaction-count-on-arbitrum-has-increased-post-airdrop\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/daily-active-users-and-transaction-count-on-arbitrum-has-increased-post-airdrop\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#person\",\"name\":\"Monika Ghosh\",\"url\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"caption\":\"Monika Ghosh\"},\"jobTitle\":\"Former Reporter\",\"description\":\"Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. 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