Arbitrum: Here’s what could be the key to Ethereum L2’s organic growth

ambcrypto.com:

Ethereum L2s have experienced a resurgence after overcoming past bottoms. Arbitrum is heading this charge after the launch of the Nitro upgrade in September despite a hacking scare.

Arbitrum managed to possess the largest market share of TVL among L2s. According to l2beat.com, Arbitrum held over $2.50 billion in TVL with a 52.58% market share among other major L2s. The closest competitor stands to beOptimism with $1.55 billion locked in at a 29.05% market share.

Source: L2Beat

Well, Arbitrum has witnessed consistent growth in its total value locked (TVL) since July. From a TVL at $601.72 million, Arbitrum has managed to progress to 935.29 million at press time.

Also, Arbitrum’s daily transaction chart too reiterated a bullish picture. According to the latest data, transaction count reached just under the 270k mark on Arbitrum.

Source: Arbitrum Space

What happens to be more surprising is that Arbitrum does not even have a native token, unlike other competitors. But this might just change now as Arbitrum’s $ARB token is expected to launch soon. 

According to a research report by Bernstein published on 21st September. And with that said the early user airdrop is imminent…