April 18, 2023 at 12:41 GMTModified date: May 15, 2023 at 17:01 GMT
April 18, 2023 at 12:41 GMT

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 April 17.

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.