Arbitrum surpassed Optimism in the number of transactions. Despite growth, decline in active developers and stablecoin network growth raised questions about sustainability. The Arbitrum protocol recently outperformed Optimism [OP] in terms of the number of transactions made on its network. According to Messari’s data, on 7 February, the number of transactions made on the protocol […]
The spike in transactions could be attributed to the growing number of accumulated users on the protocol. Out of these users, 74.1% made more than one transaction, while 20.9% were one-time users.
Despite the average number of transactions per address being lower, the number of active addresses on Arbitrum increased, showing that more people were using the protocol at press time.This growth led to an increase in Arbitrum’s revenue. As per Token Terminal, the overall revenue generated by the protocol was $19,900 at press time, after increasing by 61% over the last 30 days. However, while this is a positive sign of growth and popularity, there were also some concerning signs.
One such sign was the decline in active developers, which implied that the development of the protocol may slow down.
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