Arbitrum Transactions Soar by Over 590 Percent, Overtake Ethereum in Daily Transactions

Arbitrum Transactions Soar by Over 590 Percent, Overtake Ethereum in Daily Transactions

Ethereum, the most commercial blockchain in existence, is often looked at as a benchmark for other blockchains seeking competition. In a fresh development, the daily transactions on Arbitrum have surpassed those on Ethereum. Developed by New York City-based Offchain Labs, Arbitrum is a layer-2 scaling solution, built upon the Ethereum…