Layer 2 scaling solutions on Ethereum have been in the limelight as the DeFi activity in the market picks up considerably. Recently, on August 31, the leading Ethereum scaling solutions provider OffChain Labs announced opening up the Arbitrum One mainnet for the public.
But in a very short time, it has gained massive traction. As journalist Colin Wu explains, the Arbitrum network added over 17,000 unique addresses in a single day. As of now, the total unique addresses on Arbitrum have shot closer to 42,000 recently.
Courtesy: arbiscan.io
Furthermore, the daily transaction volume on the network has moved past $100,000 in just ten days of launch. This is like a more than 300% growth over the last week. The growth in daily transaction volume since the launch of Arbitrum One mainnet is more than 5x.
On the other hand, the total lock-up value on Arbitrum has also shot up significantly. Wu notes:
The total lock-up value (TVL) of the Arbitrum network is approximately US$1.55 billion, an incr
