users on Arbitrum witnessed major growth. More and more users have increasingly switched to Arbitrum, indicating that L2 adoption was rapidly rising.Arbitrum is a major layer 2 solution that has been contributing to the growth of the sector. I
ts TVL grew tremendously over the last few weeks and sat at 1.08 billion at the time of writing after appreciating by 1.24% in the last 24 hours. However, despite the TVL growth, Arbitrum’s activity and TPS were unable to rise. The latter declined by 26.78%, according to data fromRegardless of the momentary decline in Arbitrum’s TPS, the number of transactions on the protocol grew significantly since
September. Even though there was volatility observed in the number of transactions, overall, the number of transactions kept moving in a positive direction. Furthermore, the number of unique users on the L2 protocol increased from 1.7 million to 12.16 million in the last month, according to