Regular updates from Arbitrum network analytics

Arbitrum 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.