Arbitrum (ARB), a prominent layer-2 solution, has achieved a significant milestone, signalling a potential challenge to Ethereum (ETH) and other blockchain networks.
Ethereum Leads TVL per Unique Address, Followed by Arbitrum
CryptoRank.io's tweet underscores Ethereum's position at the top of the list, followed closely by Arbitrum, in terms of TVL per unique address. Additionally, Avalanche (AVAX), Tron (TRX), and Aptos (APT) secured spots in the top five on this list.
Source: CryptoRank on X
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Arbitrum (ARB) Shows Potential to Surpass Ethereum (ETH) in the Near Future
Source: Arbiscan.io
Despite Ethereum (ETH) holding a slight lead with a price of $213 compared to Arbitrum (ARB) at $195, the recent performance of ARB suggests potential for outshining ETH in the near future. According to data from Arbiscan.io, ARB's Unique Addresses have been steadily increasing, surpassing 20 million and reaching a total of 20.25 million at present. This significant growth indicates a strong network expansion for Arbitrum.
Arbitrum's Performance Analysis and Comparison with Ethereum
Source: Artemis
While Arbitrum's growth in Unique Addresses appears promising, a deeper analysis reveals that it may not yet be poised to outperform Ethereum. AMBCrypto's examination of Artemis' data uncovered a significant drop in Arbitrum's Total Value Locked (TVL) over the last 30 days, despite the growth in unique addresses. This indicates that Arbitrum's overall performance needs substantial improvement to compete effectively with Ethereum.
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Source: Artemis
Despite the decline in Arbitrum's captured value, evidenced by the drop in fees and revenue over the last month, the network's activity remained robust. Both daily active addresses and transactions on the blockchain increased, indicating sustained high usage despite the challenges in captured value.
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