Arbitrum, the Ethereum Layer 2 optimistic rollup, has reached a significant milestone, surpassing 1 billion transactions since its launch in 2021.
This impressive achievement highlights its growing popularity and efficiency within the blockchain ecosystem.
While Base currently leads in daily transactions, Arbitrum maintains its dominance in total value locked (TVL), boasting an impressive $2.5 billion. Base follows closely with a TVL of $2.2 billion, showcasing a competitive landscape between the two Layer 2 solutions.
Arbitrum, an Ethereum Layer 2 optimistic rollup, has soared past 1 billion transactions since its 2021 debut.
While Base dominates daily transactions, $ARB still reigns supreme in total value locked (TVL) at $2.5 billion, edging out Base's $2.2 billion. pic.twitter.com/SEeEtMRD5l
— Kyledoops (@kyledoops) October 1, 2024
In terms of stablecoin supply, Arbitrum holds the fourth largest market share, representing 2.7% of the total stablecoin supply.
In comparison, Ethereum and Tron together account for a staggering 83.9% of all stablecoins, amounting to approximately $144.4 billion across both blockchains.
This positions Arbitrum as a key player in the stablecoin market, further solidifying its relevance in the crypto space.
Arbitrum vs Base In Terms Of TVLÂ
🚨 Top 10 Blockchains Market Share, by Stablecoin Supply.
1. @ethereum – 49.1%
2. @trondao – 34.8%
3. @BNBCHAIN – 2.9%
4. @Arbitrum – 2.7%
5. @solana – 2.2%
6. @base – 2.1%
7 @avax – 1.3%
8. @0xPolygon – 1.1%
9: @Optimism – 0.8%
10. @NEARProtocol – 0.4%— CoinEcho (@mycoinecho) October 1, 2024
Despite Arbitrum’s leadership in TVL among Layer 2 solutions, Base is quickly gaining ground. The current rankings in terms of TVL are as follows:
1. Arbitrum: $2.49 billion
2. Base: $2.24 billion
3. Optimism: $0.68 billion
While Arbitrum still leads the L2 space in terms of TVL, Base is catching up.
🥇Arbitrum $2.49B
🥈Base $2.24B
🥉Optimism $0.68B pic.twitter.com/nhkEZQVofi— IntoTheBlock (@intotheblock) October 1, 2024
As the Layer 2 ecosystem continues to evolve, Arbitrum’s robust transaction volume and substantial TVL suggest a strong foundation for future growth. With increasing competition from Base and others, the landscape promises to remain dynamic as developers and users seek the best platforms for their blockchain activities.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
