Is Arbitrum’s Rising Transactions A Hint Towards Token Launch?

Pratik Bhuyan
February 20, 2023 Updated September 5, 2025
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Arbitrum has seen a tremendous surge in its user base in recent times as a direct result of the exponential growth recorded in it’s transaction volume. Recent reports of increased TVL and DeFi activity have sparked renewed interest in the Ethereum’s layer 2 solution, which has also raised the possibility of a token launch for the network.

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Arbitrum’s Growing Ecosystem

On February 19, the number of daily transactions on Ethereum’s L2 network Arbitrum, reached a new all-time high of 690,000, as indicated by the data fetched from the blockchain. Despite this, its record is still lower than that of its competitor, the Optimism L2 network. When Optimism began rewarding its customers with an NFT Quest program at the beginning of January, the platform’s daily transaction volume skyrocketed to an all-time high of over 800,000.

Read More: Check Out The Top 10 DeFi Lending Platforms Of 2023

However, according to data provided by L2Beat, the number of transactions carried out on the Arbitrum chains Nova and One increased by a respective 170.22% and 68.89% in the past week. Additionally, the unique addresses for the network have also seen a significant uptick in the past couple of months.

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Arbitrum Unique Addresses

The L2 network has experienced unprecedented levels of investment and the highest-ever proportion of transactions of $10,000 or more, according to a post by Nansen. Furthermore, there was a massive influx due to user rumors about an airdrop from the network.

Since the beginning of the Arbitrum project, there have been persistent reports that its native token will soon be made available for purchase. There is also the possibility that, upon the token’s launch, it will be distributed via “Airdrop” to users who are already linked to the network. Airdrops are frequently used as a form of advertisement by cryptocurrency projects and involves the distribution of free tokens or coins to a large audience.

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DeFi Activities Surge

Statistics provided by Dune Analytics indicate that the growing number of transactions is having a beneficial effect on the revenue generated by the Arbitrum network. According to data from L2Beat as of the time of publication, the total value of assets (TVL) locked on Arbitrum has increased to $3.27 billion. However, figures provided by DeFillama, the current TVL is at around $1.8 billion. During this time, Arbitrum had a consistent influx of stablecoins during the month of February.  The information provided by Wu blockchain, notes that the inflow of USDC climbed by 31%, while the inflow of USDT and DAI increased by 45% and 68%, respectively. USDT, USDC & the price of DAI all remained pegged to $1 at the time of writing.

The launch date of the Arbitrum token as well as the method by which it will be distributed are both still unknown at this time. Investors, however,  continue to conduct transactions on the platform in the expectation that they would be in a stronger position once the token is released.

Also Read: Here’s Why Bitcoin (BTC) Price Could See A Major Correction Soon

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.