Arbitrum had a record number of daily active addresses and also saw the second-highest transaction volume on the same day.
However, despite this achievement, an examination of another related metric indicates that the recent development has yet to have an impact in that aspect.
Analysis of the active addresses chart revealed that on the 8th of May, the Ethereum Layer 2 network saw its daily active addresses surge to 432,531.What’s particularly noteworthy about this data is that Arbitrum also had the highest number of daily active addresses among other Layer 2 platforms on the 8th of May.Arbitrum leads in TVL but is behind in transaction count
Analysis of the transaction chart revealed a respectable count on the 8th of May, although it did not reach a record high like the active addresses. The chart indicated that by the end of the day, the transaction count had surpassed 1.58 million. As of the latest data available fromDespite this robust figure, it ranked as the second-highest count, with Base recording more transactions, exceeding 2.45 million on the 8th of May.Also, despite the surge in active addresses, there was no significant movement in Arbitrum’s volume over the last 24 hours. Data from, it continued to maintain the largest TVL among other Layer 2 networks.
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