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On-chain activity for the leading Layer 2 networks has been declining recently, however, the Arbitrum platform is bucking the trend according to recent findings.Blockchain analytics firm Nansen has reported that seven-day activity in terms of addresses for many of the leading networks has been in decline. Only the Ethereum L2
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The Arbitrum network, an Ethereum L2 (Layer 2) rollup, experienced some difficulties that caused a complete stop in the production of blocks and the confirmation of transactions. According to reports from the Arbitrum team, this incident had to do with downtime regarding its sequencer, a special node that manages the
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The Ethereum layer-two network Arbitrum has suffered its second outage in less than five months following a hardware failure.Arbitrum is back online at the time of writing but the team did report some downtime during the late hours of Jan. 9. The timing of the tweets suggests that the network
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“At the beginning, we have to prove that we are indeed, you know, stable, that we can make it happen, and so we’re gonna start on the conservative side. But then as the demand for the stablecoin increases, we’re going to shift towards a more and more algorithmic one,” Di
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Tornado Cash is about to get a scaling boost as the privacy protocol prepares for deployment on the Ethereum layer two network Arbitrum. Tornado Cash’s smart contracts are ready to roll on thArbitrum Layer 2 scaling network following contributions from the community to ensure the stability of the protocol.The Nov. 29
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Blockchain data provider Nansen has announced the upcoming integration of the Arbitrum network to enable its global users, both retail and institutional-grade, the ability to identify emerging trends in the decentralized finance (DeFi) market.Technical charts and quantitative data will be accessible to view within a bespoke Arbitrum dashboard, akin to
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On Friday, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One layer two.Arbitrum is a third-generation layer-two optimistic rollup protocol that runs on an off-chain Ethereum contract and has lower costs and faster transactions than on the Ethereum mainnet.The announcement
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One decentralized finance trader told CryptoX via Discord that “this is fairly big news because it will enable more people to use Arbitrum without having to touch Ethereum.” Currently, users have to go onto a different network, then bridge to Aributrum, which can be expensive, the trader said. Source
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The world’s most popular decentralized exchange, Uniswap, is seeing layer two volumes surge as Ethereum transaction fees surge once again.On Oct. 19, Uniswap founder Hayden Adams tweeted that daily volume across v3 deployments of the decentralized exchange on layer-two networks has pushed into record levels. Adams estimated that Uniswap v3
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Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion. Total Value Locked in
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