Arbitrum One Has Reached The 200 Million Transaction Milestone
- Arbitrum One recently reached the 200 million transaction milestone.
- The blockchain network was also recently included on a list of the top 10 blockchains by monthly revenue.
- In related news, ARB is trading hands at $1.45 after a 3.44% price drop over the last 24 hours.
Arbitrum (ARB) took to Twitter to share their recent transaction milestone. According to the post made by the project’s team yesterday, Arbitrum One recently reached the 200 million transaction milestone. In the post, the Arbitrum team also thanked its developers for their hard work, as well as the project’s community for their ongoing support.
Arbitrum One has reached the 200m transaction milestone! We appreciate all the builders and communities that have made this possible in such a short time.Let’s keep building Arbitrum, together. pic.twitter.com/GDEJc68ysM
— Arbitrum (,) (@arbitrum) April 20, 2023
April has been a good month for Arbitrum so far and the project has grown steadily after its rocky introduction to the crypto space earlier this year. The project has even recently been included on a list of the top 10 blockchains by monthly revenue.
Top 10 blockchains by monthly revenue (Source: CryptoRank)
Recent data by CryptoRank indicates that Arbitrum occupies one of the top 5 positions on the list of the top 10 blockchains by monthly revenue, with a monthly revenue of $3.3 million. Despite this recent success, CoinMarketCap indicates that ARB is one of the many cryptos trading in the red today.
ARB price (Source: CoinMarketCap)
At press time, ARB is trading hands at $1.45 after a 3.44% price drop over the last 24 hours. Over this time period, the altcoin was also able to reach a high of $1.53 and a low of $1.42. ARB’s performance over the last 24 hours has not helped the altcoin recover from its poor weekly performance as ARB is down by more than 5% over the last seven days as well.
The 24-hour trading volume for ARB currently stands at $1,126,805,128 after a more than 25% decrease since yesterday. With its market cap of $1,843,857,849, the altcoin is now ranked as the 35th biggest crypto in terms of market capitalization.
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