1. Key Achievements of Arbitrum
2. Arbitrum's Price Fluctuations This Year
3. Arbitrum's Place Among Ethereum L2 Solutions

Arbitrum, a Layer 2 solution based on optimistic rollup technology for Ethereum, has reached a key milestone of 1 billion transactions in less than three years since its mainnet launch.

Key Achievements of Arbitrum

According to IntoTheBlock data, Arbitrum crossed 1 billion cumulative transactions. This achievement highlights Arbitrum's rapid growth and its ability to transform the Decentralized Finance (DeFi) ecosystem. The shift from volumes of under 100,000 transactions per day to over 2 million daily transactions indicates significant development of the platform. Interoperability with Ethereum's programming language, Solidity, allows for the transfer of existing Ethereum projects to Arbitrum with minimal changes. With a Total Locked Value (TVL) of $2.5 billion, Arbitrum leads Layer 2 solutions.

Arbitrum's Price Fluctuations This Year

Arbitrum has experienced a series of high and low peak periods this year. In June, ARB almost hit a record low, with volume decreasing by over 38% in 24 hours. In August, Arbitrum's price surged over 30% following support from Franklin Templeton. Subsequently, ARB continued to recover amid a broader market revival.

Arbitrum's Place Among Ethereum L2 Solutions

Arbitrum holds the third position in terms of 30-day transaction count among Ethereum Layer 2 platforms. According to L2Beat, Arbitrum recorded 49.14 million 30-day transactions, trailing behind Gravity and leading project Coinbase’s Base.

Arbitrum's achievements underscore its growing importance in the Ethereum and DeFi ecosystem, showcasing the platform's efficiency and scalability.