Arbitrum and its native coin ARB could be in the midst of a strong comeback, especially now that altcoin season is here.
The amount of liquidity flowing into the Ethereum network meant that the network could be headed for some busy times ahead.
Arbitrum is among the top Ethereum layer 2 networks. It was the runner-up in the list of top layer 2s by market cap after Mantle according to Coinmarketcap.
Moreover, it had over 927 million worth of volume in the last 24 hours. Meanwhile, Arbitrum was already in a position to leverage growth from the Ethereum network during the current altcoin season.
The Arbitrum network was already showing signs of rising activity as per the latest data.
Arbitrum Transaction Activity Underscores Growth
Rising activity on the Ethereum network should technically translate to more activity for its layer 2 networks.
Arbitrum network activity has reportedly doubled in the last 6 months, which was a reflection of the elevated market activity during
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