Introduction

Arbitrum is a layer-2 scaling solution designed to boost ethereum’s transactional throughput and to minimize transaction fees at the same time and this will be achieved using a feature called Transaction roll-ups, which records the batches of transactions on the Etheruem main chain and then it executes them on a cheap scalable layer-2 side chain.

This process helps to offload most of the computational and storage burdens from ethereum and because of this efficient roll-up technology, Arbitrum can cut down ethereum fees to just a fraction of its actual value.

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Observations

• Since 20th of June 2022, there has been a significant raise in terms of the total number of transactions and a maximum transactions count 243.35K has been recorded on 29th June 2022.

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• Highest number of users around 57.18K has transacted on Arbitrum chain on 29th June 2022 and maximum transactions per second of 5.6 has been observed on 29th June 2022, later which there is a slight decline followed by a consistent pattern. Also, a maximum average time between blocks has been noticed on 22nd June 2022, after which there has been a sudden downfall in average time between blocks, which clearly indicates a drastic improvement in the blockchain performance.

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• Among the DEX projects supported on Arbitrum chain, Uniswap is the most popular and frequently interacted DEX project comparatively.

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• Out of the decentralized applications (dApps) supported on Arbitrum network, tornado cash is the most popular dApp in terms of the maximum number of transactions, where as xpollinate is the next popular in terms of the maximum number of users interacting with dApps.

To summarize, this article helps us understand the Arbitrum network and how different is it compared to other blockchains, its features followed by deep insights or findings regarding the blockchain performance in terms of standard metrics, Dex statistics etc..

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References