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Base's Transactions Per Second surpassed that of Ethereum on 22 August. Arbitrum and Optimism also had to give way for the Coinbase L2.

Offchain Labs now offers an alternative to rollups for developers looking to launch on the Arbitrum network through Arbitrum Orbit.

Arbitrum, a leading Ethereum-based layer2 chain, had its native token ARB exhibiting bearish actions since April 2023. Meanwhile, institutions seem ready to trim their holdings as they transfer ARB to centralized exchanges (CEXs). SpotOnChain tweeted about CAP Finance and Mandala Capital preparing to shed ARB tokens. Mandala Capital transferred 3.

On August 21, Spot On Chain monitoring revealed that Mandala Capital executed a significant move within the cryptocurrency space.

Band Protocol's price feed oracle goes live on Arbitrum, unlocking real-world data for decentralized apps on Arbitrum. Exciting future plans for expanding data use cases.

Key Points: Ember has been closely monitoring a significant development within CAP Finance. According to recent reports, CAP Finance executed a substantial transfer of 1.88 million ARB tokens (equivalent to $1.93 million) from its vault address just 16 hours ago.

The Twitter-linked crypto app has taken off, lifting activity and the amount in fees accrued by the Coinbase-incubated Base network.

Arbitrum, an Ethereum rollup platform hosting assets valued at $5.77 billion, has showcased impressive growth and resilience following its ARB airdrop in March 2023. The airdrop, which initially triggered a “sell-the-news” reaction, eventually contributed to an influx of users and transactions, solidifying the platform's position in the cryptocurrency landscape.

Coinbase's Layer-2 network Base is already competing with the top Layer-2 networks as its daily transaction volume recently surpassed Optimism and Arbitrum.

Mighty Bear Games has joined hands with web3 game developer Treasure to move its “Mighty Action Heroes” series to the Arbitrum blockchain.

Optimism transactions hit their peak recently, eclipsing the largest L2 solution, Arbitrum, for the first time in 2023.

Coinbase's new Ethereum (ETH) layer-2 scaling solution briefly surpassed Optimism (OP) and Arbitrum (ARB) this week in terms of daily transactions. According to data provided by each scaling solution's respective block explorers, Base hit 617,330 transactions on August 13th, compared to 438,559 for Optimism and 544,575 for Arbitrum on the same day.

In a significant and groundbreaking development, the landscape of Ethereum's Layer 2 solutions has recently witnessed the remarkable ascent of Arbitrum (ARB), solidifying its position as the dominant force in the pursuit of enhanced scalability. With an astounding $5.93 billion in liquidity amassed across its verified protocols, Arbitrum has positioned itself as the preeminent Ethereum-based network, commanding a staggering 56.16% share of the entire Ethereum Layer 2 ecosystem.

Base has surged ahead of its counterparts, Optimistic Rollup scaling solutions Arbitrum and Optimism, in terms of average daily transaction volume.

Arbitrum has enjoyed continued growth even after the ARB airdrop, as new users pile into the speedy layer-2.

VC firms that invested in Arbitrum would be at 400% gains on their ARB tokens should prices remain at today's levels, and it is unclear how much they plan to sell when their tokens are unlocked.

An impending token unlock event and Matrixed.Link's validator proposal can reshape Arbitrum's ecosystem and the ARB token dynamics.

Ethereum layer-2 solution Arbitrum is set to “cliff unlock” over 1 billion worth of $ARB on March 16, 2024 and finally start ARB's staggered unfreezing over the next four years. The first unlock is set almost a year after the $ARB token finally launched last March 2023.

Token Unlocks, a crypto management platform, revealed that Arbitrum, the Layer 2 scaling solution for the Ethereum (ETH) blockchain, will

Unlocks to referred to staggered releases of the cryptocurrency frozen to keep early investors from liquidating in large numbers.

AllianceBlock's Nexera Exchange, with its on-chain order book protocol, blends efficiency and security to refine decentralized trading.

DeFi infrastructure provider AllianceBlock has launched the Nexera decentralized exchange (DEX) on Ethereum (ETH) layer2 network, Arbitrum One, and integrated it with Uniswap (UNI) liquidity, according to an Aug. 15 statement shared with CryptoSlate. Nexera Exchange The Nexera DEX uses innovative designs incorporating advanced on-chain order book protocol.

Base's surge in transactions per second and revenue marks a significant shift in the competitive dynamics of the L2 sector, threatening Arbitrum's dominance.

PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), initiated operations on the Ethereum (CRYPTO: ETH) scaling platform Arbitrum (CRYPTO: ARB) as part of its strategy to grow its clientele and revenue. PancakeSwap, which operates without intermediaries using smart contracts, was already functional on platforms such as BNB Chain (CRYPTO: BNB), Ethereum, Polygon zkEVM (CRYPTO: MATIC), zkSync and Aptos (CRYPTO: APT) blockchains.