Arbitrum successfully maintained a significant share of bridging volume from Ethereum, ranking second after Polygon in terms of gross volume.
More than two months after the airdrop, Nansen analyzed the blockchain’s performance in various metrics on-chain. Within a new report, the analytics company highlighted that the influx of on-chain activities had been sustained.
According to Nansen’s data, transactions and daily users remained at historically high levels even after the airdrop.In addition, the data also showed an upward trend in the increase in gas spending on Arbitrum, showcasing growth in the chain’s usage. The value of transactions and transfers also exhibited similar patterns.
While many metrics showed significant growth for the ecosystem, the number of wallets making their first transactions slowly declined after the airdrop. This suggests that the number of new users coming in has dropped since the popular event.Despite this, the Arbitrum network was able to retain a significant share of bridging volume from Ethereum.
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