Arbitrum (ARB) Launches Today: Network Activity At Record High

Wild price speculation, an all-time high in daily transaction volume and an exponential development in active addresses. Reason for the increased activity in the Arbitrum network and the growing hype: the long-awaited airdrop for the token of the Ethereum Layer 2 blockchain. Today is the day.

Arbitrum Blockchain: Activity at Record High

The number of daily transactions on Arbitrum rose to a new record high of 1.3 million yesterday, March 22, according to the Data source Arbiscan. The Number of unique addresses on the blockchain has also grown rapidly. Almost 1.5 million new addresses have been created since the beginning of the year. In total, there are already 3.9 million on the network. While many who arrived late got nothing, around 635,00 wallet owners were able to qualify for today’s airdrop.

ARB token launches today

The airdrop is primarily determined by the tokenomics, according to which the total ARB supply is ten billion pieces. Of these, 12.75 percent – ​​1.275 billion tokens – will be activated at launch.

Based on a comparison to the competing project Optimism, various assumptions about Arbitrum’s Total Value Locked (TVL) and the market capitalization, there is wild price speculation. Some analysts see the ARB price starting around $15. Other less optimistic investors expect only 50 cents per token. You can then buy Arbitrum (ARB) on various crypto exchanges. Until then, it’s worth taking a look at future airdrops.

Airdrop season opened

For enthusiastic airdrop farmers, it is worth registering at first Earni.fi. The application promises to use the wallet addresses entered to determine which airdrops you have already qualified for. The platform also provides updates on new airdrops. However, this service is chargeable.

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A number of projects could see free token distribution in the coming months. Also included: the Ethereum Layer 2 blockchain zkSyncthe innovative blockchain protocol sui or the zk-proof network Aztec. However, there is no guarantee that you will be present at the airdrops.