Arbitrum One, the Ethereum Layer 2 optimistic rollup, has surpassed 1 billion transactions this week. This feat was accomplished by Arbitrum One within three years of its mainnet launch in August 2021.
Arbitrum One Achievements
As of October 1st, Arbiscan recorded a total of 1.003 billion transactions. This milestone underscores the success of the optimistic rollup technology employed by Arbitrum.
Comparison with Other Layer 2 Networks
In comparison, Coinbase’s Layer 2 network, Base, has logged 755 million transactions so far, while OP Mainnet trails with 347 million. Notably, Arbitrum One also leads in total value locked (TVL) among Layer 2 solutions, currently sitting at $14.3 billion.
Future Plans
Earlier last month, stablecoin issuer Paxos announced its plans to launch its products on Arbitrum One, aiming to further institutional integration onto the Arbitrum network. The company intends to tap into Ethereum’s deep liquidity at higher speeds and low cost and engage Arbitrum’s active DeFi ecosystem.
The growth in transaction numbers highlights the increasing trust in Arbitrum One and its potential for long-term scalability and security, reinforcing its position as a leader among Layer 2 solutions.
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