Arbitrum, Starknet vie for L2 domination despite falling prices
In what areas did Starknet and Arbitrum see a discrepancy in performance?
Starknet and Arbitrum saw discrepancies in user fees, daily active addresses, and DEX volumes. While both networks had low gas fees, Arbitrum attracted more users and had higher daily transactions. Starknet needs to increase its user base to better compete in the L2 space.
How many daily active addresses has Arbitrum recently attracted?
Arbitrum has recently attracted over one million daily active addresses, surpassing other Layer 2 networks. This significant increase in user activity has positioned Arbitrum as the leader in terms of active users, showcasing its growing popularity and scalability solutions.
What led to the competition in the Layer 2 sector recently?
The competition in the Layer 2 sector recently intensified due to the Dencun upgrade, which improved infrastructure and attracted more users and developers to these networks. This upgrade allowed Layer 2 solutions like Starknet and Arbitrum to showcase their capabilities in terms of user fees, daily active addresses, and transaction volumes, leading to increased competition.