Arbitrum has positioned itself as the number one L2 on Ethereum. It has the most TVL, activity and users.
A ChatGPT short description on Arbitrum:
Arbitrum is a Layer 2 scaling solution for Ethereum designed to improve the network's speed, reduce transaction costs, and enhance overall efficiency without compromising on security. Built on optimistic rollups technology, Arbitrum bundles multiple transactions off-chain and then records them on the Ethereum mainnet, significantly reducing congestion and gas fees. This scaling approach maintains Ethereum's security and decentralization while providing a faster, cheaper, and more efficient environment for decentralized applications (dApps) and smart contracts. Arbitrum's compatibility with existing Ethereum tools and infrastructure makes it easy for developers to deploy applications, fostering a growing ecosystem of DeFi, NFTs, and other blockchain-based solutions.
With this said, let’s take a look at some data.
Let’s take a look at the data on the Base network and see what has been happening in the last period.
The data presented here is mainly from base scan, DeFi Lama and Dune Analytics.
We will be looking at:
- Total Value Locked TVL
- Number of Addresses
- Active Addresses
- Daily Transactions
- Fees
- Contracts
- Price
Total Value Locked
This represents how much of value has been bridged to the Base chain where it seats and is being used in DeFi and other use cases. Here is the chart:
As we can see, for the first time funds started being bridged on Arbitrum back In September 2021, when the TVL increased rapidly to 2.7B. A sharp drop in the bear market of 2022 to below one billion and then a steady growth towards and a new ATH of 3.5B at the end of 2024.
3.5B is quite a lot, for a L2 in today’s numbers.
Number of Addresses
One of the key metrics for crypto projects is the number of wallets.
First the overall number of wallets.
We can see that in the first years the number of wallets was low, and then started growing a lot in 2023 and continued to do so up until 2024. A total of 50M wallets at the moment.
For comparison Ethereum has more than 300M wallets.
If we take a look at the new daily wallets we get this.
Here we can see the growth in the last two years, especially in May 2024 when on a few occasions there were more than 500k wallets created daily. On average in the last period there are around 50k wallets.
Active Addresses
How many of the wallets created are active? Here is the chart.
This is a weekly number for active wallets. We can see a massive growth in the last period reaching more than 1M WAUs. In the previous period there was around 200k per week.
Daily Transactions
The activity on the network is mostly represented by the number of daily transactions.
On the transactions side we can see a constant growth and somewhat sideways action in the last period with a lot of volatility.
The numbers in the last period vary from 1.5M to 3M DAUs.
On Ethereum the number of transactions per day is around the 1M mark.
Fees
Arbitrum is basically promoting itself as a low cost option to Ethereum.
Here is the chart.
The above long term chart is to represent the trend in the fees. The units are not in dollar terms, as there is no data available. This is the total gas used per day in wei, a subunit of Ethereum. Gas prices on Arbitrum are in ETH, even though the chain has its token ARB.
We can see there was a spike in back in 2021-2022, and few other spikes in 2023. In 2024 the gas price has been more constant on Arbitrum.
At the moment the gas fees in dollar terms are very low and are under one cent, somewhere in the range of 0.003$.
Contracts
Arbitrum as Ethereum is a smart contract platform so here is the chart for verified contracts per day.
A spike at the end of 2022 and a slowdown in 2023 and 2024. In the last period the numbers have been somewhat sideways but steady in the range of 100 to 200 contracts daily.
In summary as of March 2025, Arbitrum is a leading the L2 scaling solution on Ethereum, with low fees around $0.003 per transaction. It has the highest Total Value Locked (TVL) among L2s, reaching $3.5 billion by late 2024. The chain now has 50 million wallets, with 50,000 new ones added daily and over 1 million weekly active addresses. Daily transactions range from 1.5 million to 3 million, while verified smart contracts hold steady at 100–200 per day.
All the best
@dalz
My gosh, Arbitrum really took off. 50M wallets and 3.5B TVL, that's something special. The gas fees being under a cent is a huge win too. Ethereum's expensive fees pushed way too many people here and it looks like they’re staying
Yea its the only one with decent liquidity... base is also close
it truly is the only one right now
It is one of my favorite chains, especially for investing in DEFI. It combines low fees and high volume.
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The rewards earned on this comment will go directly to the people( @blkchn, @the01crow ) sharing the post on Reddit as long as they are registered with @poshtoken. Sign up at https://hiveposh.com. Otherwise, rewards go to the author of the blog post.
So it is double, I think that is not really good.@the01crow I had already posted it in the sub.
I had not seen that it had been shared and less in the same community, I proceed to delete it, thanks for the warning.
Ok.