Average fees on the largest layer-2 (L2) blockchain, Arbitrum (ARB), saw a huge increase as daily on-chain transactions rose sharply. Arbitrum is currently the largest L2 network with a TVL of $2.97 billion.

According to data from Dune, daily average fees on Arbitrum rose 97.8% today, to $0.015 per transaction. Furthermore, the average cost subsequently dropped sharply and currently hovers around $0.007.

The data shows that the increase in average fees on Arbitrum was accompanied by an increase in the number of daily on-chain transactions on the L2 network from 1.7 million to 2.3 million daily transactions on June 11.

Currently, Zora Network is the cheapest L2 blockchain with a daily average transaction fee of $0.0029, according to data from Dune. Scroll Network is currently the most expensive among the leading L2 platforms with an average cost of $0.108.

Arbitrum’s native token, ARB, is down 0.33% in the past 24 hours and is trading at $0.94 at the time of writing. The asset’s market capitalization is just over $2.7 billion, making it the 38th largest cryptocurrency.

On June 9, Arbitrum announced an initiative called the Gaming Catalyst Program to award 225 million ARB tokens, worth approximately $215 million, to game developers in the web3 scene.

On April 25, Arbitrum, Optimism, Polygon, StarkWare and zkSync integrated Avail’s data availability layer to help developers build cost-effective, scalable and composable blockchain networks.

Source: https://cryptobenelux.com/2024/06/12/arbitrum-transactiekosten-stijgen-explosief-met-97-wegens-populariteit/

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