HomeAltcoinsARB Growth: Arbitrum Jumps 12% as Accounts Surpass Five Million

ARB Growth: Arbitrum Jumps 12% as Accounts Surpass Five Million

Arbitrum (ARB), the Ethereum layer-2 scaling solution, has been boosted by the recent Shapella Upgrade – with new accounts reaching five million on 17 April

Arbitrum (ARB), the Ethereum layer-2 scaling (L2) solution, has seen a rise of 12% at the time of writing and is currently trading at $1.79, as of Tuesday 18 April.

ARB’s latest jump follows a recent boost after an airdrop on 23 March, as well as the Ethereum Shanghai (Shapella) Upgrade on 12 April.

It’s also been revealed that new accounts have reached nearly five million on April 17, according to data compiled by user Henrystats on Dune Analytics. It’s believed that nearly 200 million transactions have since been completed.

ARB is the fourth-largest DeFi blockchain, with $2.31billion in total locked value (TVL), according to data from DefiLlama

At the time of writing, ARB was up 12.11%% in the last 24 hours at $1.79. The token is up 45% in the past seven days.

It is currently ranked at number 31 on CoinMarketCap, with a total market cap of $2.2billion. 

Jo is an experienced Head of News with an eye for spotting the latest key trends in the market and jumping on them. She has previously worked in New York and London as Editor for two crypto exchanges where she managed large teams of writers covering every aspect of the digital asset space. She has also added feathers to her cap with senior editorial roles at the Financial Times and News UK, which has equipped her with the nous to steer a newsroom through the constantly changing world of crypto. With her passion for breaking news, together with a well-connected network of industry contacts, she is perfectly placed to push the buttons at the helm of the CoinNews headline desk.

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