Ethereum

Arbitrum

Bitcoin

Polygon

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/arbitrum-the-rising-star-in-the-ethereum-layer-2-network/" data-wpel-link="internal">Arbitrum: The Rising Star in the Ethereum Layer-2 Network</a><br></p>
<p style="text-align: justify"><strong>Ethereum</strong> Blockchain’s robust Layer-2 network, <strong>Arbitrum</strong>, is making waves as it asserts itself as a dominant force in the evolving crypto landscape. The new year witnessed a surge marked by rising transaction volumes and a significant increase in the valuation of its native token ARB.</p> 
<h2 style="text-align: justify" id="arbitrum-s-trading-triumphs">Arbitrum’s Trading Triumphs</h2> 
<p style="text-align: justify">The decentralized exchange (DEX) trading volume on the Arbitrum network has seen a notable increase, surpassing major <strong>Blockchain</strong> networks like <a href="https://en.coin-turk.com/binance-releases-10th-proof-of-reserves-report-btc-eth-xrp-doge-link-and-more/" data-wpel-link="internal">Binance</a> Smart Chain, Solana, and Polygon last week. Notably, on January 5th, Arbitrum’s DEX volume briefly exceeded that of Ethereum’s mainnet, marking a significant milestone for the Layer-2 network.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-302237 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/arbitrum-cointurk.webp" alt="" width="850" height="307"></p> 
<p style="text-align: justify">The driving force behind Arbitrum’s trading success lies in its cost-effective transaction fees. Data from L2Fees shows that Arbitrum’s average transaction fee is $0.26, which is almost one-twentieth of Ethereum’s average fee exceeding $5. This affordability factor has significantly contributed to the increased trading activity on Arbitrum’s DEXs.</p> 
<h2 style="text-align: justify" id="network-activity-and-rising-interest">Network Activity and Rising Interest</h2> 
<p style="text-align: justify">On-chain data from L2Beat highlights Arbitrum’s impressive position among Ethereum-based Layer-2 networks. With an average of 12.85 transactions per second, Arbitrum ranks third after zkSync Era and Ethereum. This strong network activity reflects the growing interest in Arbitrum’s Layer-2 solutions.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-302236 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/arbitrum-tvl-cointurk.webp" alt="" width="850" height="330"></p> 
<p style="text-align: justify">The rising DEX volume and increased network activity on Arbitrum have led to a significant increase in Total Value Locked (TVL) on the Blockchain. TVL serves as a critical metric for measuring capital invested in a Blockchain or decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> (DeFi) protocol. In the early days of the year, Arbitrum witnessed a positive net inflow exceeding $250 million, raising its TVL to an all-time high of $2.64 billion as of January 12th.</p> 
<h2 style="text-align: justify" id="altcoin-arb-performance">Altcoin ARB Performance</h2> 
<p style="text-align: justify">In parallel, Arbitrum’s token ARB has exhibited an extraordinary performance, recording a value increase of more than 20% since the beginning of the year. This significant growth outpaces the performance of leading cryptocurrencies like Bitcoin and Ethereum.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-302240 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/arbitrum-arb-cointurk.png" alt="" width="1563" height="798"></p> 
<p style="text-align: justify">However, it is worth noting that the recent downturn in the broader cryptocurrency market has also affected the ARB token. As of writing this article, the altcoin ARB is trading at $2.17.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/arbitrum-the-rising-star-in-the-ethereum-layer-2-network/" data-wpel-link="internal">Arbitrum: The Rising Star in the Ethereum Layer-2 Network</a></h5>

Arbitrum: The Rising Star in the Ethereum Layer-2 Network

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