flipside

    Try Quests to earn NEARTry Quests to earn NEAR
    Share

    Arbitrum: What the Fees?

    Commissions from transactions are an important factor in choosing a blockchain. Cheap transaction fees mean: an active blockchain and fertile territory. So where is Arbitrum in its low transaction fee?

    While reading the latest articles on Arbitrum, I came across an article. In this news published on February 24, it was written that Arbitrum (Layer-2 blockchain connected to Ethereum) surpassed Ethereum in the number of daily transfers for the first time. This information was really surprising and showed that Arbitrum's transaction fee had an effect on this.

    So I did some more detailed research and the accuracy of this with the help of Flipside repository.

    db_img
    Introduction
    db_img

    According to the article I mentioned above, Arbitrum daily transfer numbers increased to 1.1M on the 23rd of February.

    It was also mentioned that 20,000 transfers are higher than Ethereum.

    It is the first time that a Layer-2 blockchain has surpassed the Layer-1 blockchain.

    If Arbitrum maintains this development, it can achieve great success as Layer-2.