The airdrop season seems to have got traction once again. Is layer-2 blockchain, Arbitrum, the next major airdrop upon us?
Arbitrum is a suite of fast, low-cost, and secure Ethereum scaling solutions, according to the official Twitter handle. Basically, it is a layer-2 solution for Ethereum, which means it is built on top of Ethereum to process most of the transactions and submit the final result to the main Ethereum chain. This way, the layer-2 networks reduce the load on Ethereum to enable it to scale.
Arbitrum hosts 62% of weekly transactions on Ethereum
The Nitro upgrade that was live on Aug. 31 boosted the network activity in the Arbitrum. It made the transactions on Arbitrum cheaper and faster. The chart below shows that cumulative new smart contracts have rapidly risen since the upgrade. The average deployment of new smart contracts on Arbitrum increased from 1,800 per week to 6,000 per week.
After…
