Tracking the Growth of the Arbitrum Network with OKLink Multi-chain Browser Data

03/23/2023 09:20 • Metaverse & Beyond • 84 views

According to reports, according to data from the OKLink multi-chain browser of the Ouke Cloud Chain, various data indicators on the Arbitrum network have risen with the imminent release of the Arbitrum air drop. Currently, the total number of addresses on the Arbitrum chain is close to 6.4 million, with an increase of over 80000 addresses in the past 24 hours, and an increase of over 14000 active addresses in the past 24 hours. Currently, the total number of transactions on the chain exceeds 146 million, and the number of TPSs exceeds 29 transactions per second.

The address on the Arbitrum chain has increased by over 80000 in the past 24 hours

Introduction

As the release of the Arbitrum air drop approaches, the OKLink multi-chain browser of the Ouke Cloud Chain has reported a rise in various data indicators on the Arbitrum network. According to reports, the total number of addresses on the Arbitrum chain has risen to close to 6.4 million, with an increase of over 80,000 addresses in the past 24 hours. In addition, there has been an increase of over 14,000 active addresses in the past 24 hours. Furthermore, the total number of transactions on the chain has exceeded 146 million, with the number of transactions per second surpassing 29.

Background on the Arbitrum Network

The Arbitrum network is a Layer 2 solution on the Ethereum blockchain that offers fast, secure, and low-cost smart contract execution. The network uses a rollup technique to bundle and verify transactions off-chain, minimizing the amount of data that needs to be stored on-chain. This reduces the cost and time required for transactions and enhances the scalability of the Ethereum network.

Analysis of OKLink Multi-chain Browser Data

The OKLink multi-chain browser provides real-time data on the growth of the Arbitrum network. According to the data, the total number of addresses on the network has been steadily increasing, indicating a growing interest in the network. The increase in active addresses suggests that users are actively participating in the network and utilizing its features.
The number of transactions on the chain, which exceeds 146 million, demonstrates that the network is being used extensively. Furthermore, the high number of transactions per second, which exceeds 29, indicates that the Arbitrum network is capable of supporting a high volume of transactions.

Implications of the Growth of the Arbitrum Network

The growth of the Arbitrum network is a positive sign for the Ethereum ecosystem as a whole. The network’s ability to offer fast, secure, and low-cost smart contract execution is crucial for the adoption of decentralized applications (dApps) and the growth of the Ethereum network.
Furthermore, the growth of the Arbitrum network could lead to increased competition among layer 2 solutions, leading to further innovation and improvements in the Ethereum ecosystem.

Conclusion

The OKLink multi-chain browser data highlights the growth of the Arbitrum network, with significant increases in the number of addresses, active addresses, transactions, and transactions per second. This growth is a positive sign for the Ethereum ecosystem and could lead to further innovation and improvements in the future.

FAQs

1. What is the Arbitrum network?
The Arbitrum network is a Layer 2 solution on the Ethereum blockchain that offers fast, secure, and low-cost smart contract execution.
2. What is the rollup technique used by the Arbitrum network?
The Arbitrum network uses a rollup technique to bundle and verify transactions off-chain, minimizing the amount of data that needs to be stored on-chain.
3. What is the significance of the growth of the Arbitrum network?
The growth of the Arbitrum network is a positive sign for the Ethereum ecosystem as a whole, indicating a growing interest in decentralized applications and potentially leading to further innovation and improvements in the future.

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