Tags: Arbitrum

Harmony led with a 26% rise in developer activity, followed by Gnosis (+25%), Avalanche (+23%), and Arbitrum (+20%).

Arbitrum led Uniswap’s $38 billion Layer 2 trading spree, followed closely by Base.

Base’s TVL has grown over 67% since its September low of under $6 billion.

The Ethereum ecosystem’s treasuries total $22.2 billion in 2024, with Optimism, Uniswap, and Mantle holding the largest shares.

The hackers reportedly compromised a multisig wallet, allowing them to transfer ownership of Radiant’s assets.

Developer activity surged by 10.7% for Layer 1 blockchain Solana in October.

Arbitrum One leads in total value locked (TVL) among Layer 2 solutions, currently boasting $14.3 billion.

The Dencun upgrade doubled Ethereum L2 transactions but also caused higher failure rates, linked to bot activity.

Base network dominates Ethereum Layer 2 with 3.6 million transactions.

Base has surpassed Arbitrum and Optimism in daily active addresses on July 22nd.

Ethereum scaling solutions Base and Arbitrum are trailing behind Layer 3 player, Xai in terms of TPS.

New user expansion driven by NFT activity has demonstrated greater variability across different networks when compared to DeFi.