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VisitArbitrum Surpasses Solana, Reaches 24 Million Unique Addresses in May 2024, Nears 1 Million DAUs
May 15, 2024, 09:30 AM
Arbitrum has reached significant milestones in May 2024, surpassing Solana in daily active users for the first time and achieving an all-time high (ATH) of 24 million unique addresses, a 10x increase from 2.4 million in January 2023. Additionally, Arbitrum has broken records for daily active addresses among Layer 2 solutions, with a 7-day rolling average of 972,000 and is closing in on 1 million daily active users. The recent surge in activity is partly driven by the UXUY Token, which allows users to claim tokens without prior engagement.
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Markets
No • 50%
Yes • 50%
Arbitrum network analytics and reports
Yes • 50%
No • 50%
Regular updates from Arbitrum network analytics
Yes • 50%
No • 50%
Blockchain analytics platforms tracking Arbitrum
Widespread adoption (top 5 on Arbitrum) • 25%
Decline in use • 25%
Limited adoption (not in top 10) • 25%
Moderate adoption (top 10 on Arbitrum) • 25%
Crypto market analytics and Arbitrum usage data
Boosts overall Layer 2 usage • 25%
Increases market share • 25%
No significant impact on other networks • 25%
Causes noticeable migration from Ethereum • 25%
Market analytics and blockchain network data
Surpasses another major competitor • 34%
Remains above Solana • 33%
Falls behind Solana • 33%
Layer 2 network comparison reports and analytics