Arbitrum Dominates Ethereum Layer-2: Daily Transactions and Volume Hit New Highs

Arbitrum processed over 927,000 transactions on Monday and saw $2.7 billion in weekly volume last week.

A man standing on a huge coin
  • Arbitrum broke daily transactions and volume all time-highs this past week.
  • Arbitrum processed almost a million transactions on Monday.
  • The leading Ethereum Layer-2 scaling project also reached a new all-time high in terms of active addresses.

Arbitrum, the leading Ethereum Layer-2 scaling solution, has seen a huge increase in activity on its network in the past week.

The optimistic rollup hit two new all-time highs. First, Arbitrum processed 927,023 transactions on Monday. That’s almost the same number of transactions Ethereum did on that same day – 1,059,640.


On top of that, Arbitrum saw $2.7 billion in weekly volume last week, according to data from DefiLlama. On February 16 alone, Arbitrum saw $502.22 million flowing through various decentralized exchanges (DEX), a daily high for the network.

Arbitrum volume

Daily volumes on Arbitrum. Source: DefiLlama.

This has made Arbitrum the second most active blockchain in the last seven days. Only Ethereum has a larger seven-day volume of $13.17 billion.

Most of the trading activity was done on Uniswap (UNI), which saw $1.6 billion in volume. SushiSwap (SUSHI), Camelot (GRAIL), GMX (GMX), Trader Joe (JOE), KyberSwap, and Curve (CRV) added more than $1 billion.


Arbitrum also reached a new all-time high in terms of active addresses on Monday. There are now 117,798 active addresses interacting with various decentralized apps on Arbitrum.

Arbitrum has $1.18 billion in total value locked (TVL) and is behind only Ethereum ($10.33 billion) and Binance Smart Chain ($3.14 billion), according to DefiLlama.

On the Flipside

  • The increased activity on Arbitrum may be related to airdrop farming. The same happened with Optimism when it announced Optimism Quests, a list of tasks for users to complete and be rewarded with NFTs. Once the quests ended, activity on Optimism plunged.
  • Arbitrum is an optimistic rollup, which Ethereum co-founder Vitalik Buterin said will only be relevant in the near term. In the long term, general-purpose validity rollups might overtake optimistic rollups as the dominant technology to scale Ethereum.

Why You Should Care

Arbitrum is the leading Ethereum Layer-2 scaling project. Seeing such activity on Arbitrum is a welcoming sign to both the team behind the project and the users who have the chance to use Ethereum with low fees and fast transaction times.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Arturas Skur

Arturas Skur is a cryptocurrency news reporter at DailyCoin who covers Web 3.0 domains, DeFi, and Ethereum Layer-2s. With over five years of experience in journalism and public relations, Arturas brings his critical thinking and analytical abilities to deliver insightful news stories. In his free time, he enjoys hiking, playing with his dog, and reading.