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cryptonews

2023-02-23 19:38:00

This Ethereum Layer-2 is on Fire – Here’s What That Means for ETH Price

This Ethereum Layer-2 is on Fire – Here’s What That Means for ETH Price

Ethereum layer-2 scaling solution Arbitrum, which is able to substantially increase transactions per second by batching transactions together off-chain into so-called roll-ups, is seeing explosive growth. Daily fees generated by the protocol on Thursday hit their highest level since June 2022 at nearly $300,000. That means Arbitrum ranks as the seventh highest cashflows generating crypto protocol according to Cryptofees.info.... Read More: This Ethereum Layer-2 is on Fire – Here’s What That Means for ETH Price

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