Arbitrum (ARB) outperforms Bitcoin (BTC) network in terms of transaction fees

 BeInCrypto – Layer 2 (L2) blockchain, Arbitrum, has surpassed 200 million transactions. According to analytics platform Dune, the network currently has more than 5 million active users.

 On April 20, the total value of transaction fees on Arbitrum was around $800,000, $200,000 more than on the Bitcoin network.

 At the same time, the transaction price remains relatively stable: it will cost you about $0.1 to send ETH to Arbitrum and $0.28 to swap tokens.

 While Arbitrum's 7-day average fee is still a bit below $387,000 compared to Bitcoin's $630,000, the growing number of transactions could indicate increased user interest and speed. Mass adoption of L2 blockchain is increasing rapidly.

 Source: Twitter

 What happens to the price of Arbitrum (ARB)?

 This week, the native ARB token showed fighting spirit: on April 18, its price hit a monthly high of $1.79.

 Arbitrum reflects the recent decline of the entire market, but the asset is down much less than other altcoins.

 At the time of writing, ARB is trading at $1.44, with no major changes in the last 24 hours.

 You still have a chance to initiate a rally and make another attempt to get closer to the $2 level.

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