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The average fees on the largest layer-2 (L2) blockchain, Arbitrum, witnessed a massive increase as the daily on-chain transactions surged. 
Arbitrum is currently the largest L2 network with a TVL of $2.97 billion.&nbsp; 
According to data provided by Dune, the daily average fees on Arbitrum rallied by 97.8% earlier today, reaching $0.015 per transaction. Moreover, the average fees took a sharp decline, currently hovering at $0.007. 
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 <img loading="lazy" decoding="async" width="744" height="413" src="https://crypto.news/app/uploads/2024/06/Screenshot-2024-06-12-122311.png" alt="Average fees on Arbitrum rise 97%, daily transactions increase - 15"> 
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 Daily average fees on Arbitrum | Source: Dune
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Data shows that the rise in Arbitrum’s average fees comes as the number of daily on-chain transactions on the L2 network surged from 1.7 million to 2.3 million daily transactions on June 11. 
 You might also like: <a href="https://crypto.news/bitcoin-price-dives-to-66k-ahead-of-fomc-decision-bullish-analyst-says-weve-seen-this-before/" rel=""> Bitcoin price dives to $66k ahead of FOMC decision: analyst says ‘we’ve seen this before’ </a> 
At this point, Zora Network is the cheapest L2 blockchain with a daily average transaction fee of $0.0029, according to data from Dune. Scroll network is currently the most expensive among the leading L2 platforms with an average fee of $0.108. 
The native token of Arbitrum, <a href="https://crypto.news/price/arbitrum/" rel="">ARB</a>, declined by 0.33% in the past 24 hours and is trading at $0.94 at the time of writing. The asset’s market cap is slightly over the $2.7 billion mark, making it the 38th-largest cryptocurrency. 
On June 9, Arbitrum <a href="https://crypto.news/arbitrum-unveils-a-215m-gaming-catalyst-program/" rel="">announced</a> an initiative called the Gaming Catalyst Program to give out 225 million ARB tokens, worth roughly $215 million, to game developers in the web3 scene.&nbsp; 
On April 25, Arbitrum, Optimism, Polygon, StarkWare, and zkSync <a href="https://crypto.news/leading-layer-2-projects-integrate-avails-data-availability-layer/" rel="">integrated</a> Avail’s data availability layer to help developers build cost-effective, scalable and composable <a href="https://crypto.news/learn/how-blockchain-technology-could-revolutionize-the-world-of-publishing/" rel="">blockchain</a> networks. 
 Read more: <a href="https://crypto.news/sol-and-doge-are-bearish-but-theres-good-news-analyst/" rel=""> SOL and DOGE are bearish but there’s “good news”: Analyst </a>

Average fees on Arbitrum rise 97%, daily transactions increase

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