Arbitrum’s Unique Address Chart Rises, but TVL Falls; ARB Price Up Over 4%
Arbitrum, a popular Layer-2 blockchain network, has seen a surge in its unique address chart, with the number exceeding 20 million. This milestone has put Arbitrum in direct competition with Ethereum, according to a recent report by CryptoRank.io.
Despite the increase in unique addresses, Arbitrum’s Total Value Locked (TV) has experienced a decline in the last 30 days. This indicates that while the network is growing in terms of users, it still has some ground to cover to catch up with Ethereum.
On the positive side, ARB’s network activity remains high, with daily active blockchain addresses and transactions on the rise. Additionally, ARB’s token price has surged by over 4% in the last 24 hours, currently trading at $1.47 with a market capitalization of over $3.9 billion.
While ARB’s performance is promising, analysts believe that the network will need to intensify its efforts to challenge Ethereum in the near future. Stay tuned for further updates on Arbitrum’s progress and its potential to surpass Ethereum in the coming days.