ARBITRUM - The leading layer 2 for Ethereum
Arbitrum is one of the leading layer 2 scaling solutions for Ethereum. It utilizes optimistic rollups technology to provide much faster and cheaper transactions, while still leveraging the security of the Ethereum mainnet.
According to Ethereum layer 2 tracker L2Beat, Arbitrum is currently the most popular layer 2 for Ethereum. It has a TVL (total value locked) of $5.88 billion, while the next closest competitor, Optimism, has a TVL of $1.70 billion. It’s also the most active Ethereum layer 2 at the moment, handling more than 8.5 transactions per second at the time of writing.
ARBITRUM is a good project to hold.
