Arbitrum Usage Spikes by Almost 500% in 90 Days

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Arbitrum Usage Spikes by Almost 500% in 90 Days
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Daily transactions on arbitrum spike by almost 500% in Q4, 2022, TaschaLabs says Arbitrum Artemis__xyz

As per the data highlighted by Che, two L2 heavyweights, Arbitrum and Optimism , witnessed the larger increases in both metrics. The first network is"killing it," as per the analyst: the number of its daily active addresses has jumped by 152%, while its daily transactions have added a whopping 484%.

Optimism's daily active addresses have added over 231%, while the daily transactions have more than doubled. These statistics say that both networks are actively onboarding new users while increasing the engagement of existing ones.Interesting processes can be traced for Flow and Avalanche, two"Ethereum killers." While the number of their daily active addresses is declining, the activity of the addresses is growing, which is net positive, according to Che.

Solana, the worst L1 sufferer of the ongoing FTX/Alameda drama, is seeing both metrics bleed. It has lost one third of its users, while its daily transactions have dropped by 42%.

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