After Arbitrum announced the air drop, the number of daily active users on zkSync and StarkNet increased significantly

On March 20th, the Web3 Knowledge Map Protocol 0xScope tweeted that the number of daily active users on zkSync and StarkNet had increased by about 10 times after Arbitrum announced that it would conduct air drops.

Interpretation of this information:

The Web3 Knowledge Map Protocol 0xScope recently tweeted an interesting development in the world of blockchain technology. According to their tweet, the number of daily active users on the blockchain networks, zkSync and StarkNet, has surged massively by about 10 times. This surge in users was prompted by the announcement made by Arbitrum that they would conduct air drops.

Before delving into this development, it’s important to explain the terms used in this context. zkSync and StarkNet are both Layer-2 scaling solutions built on top of Ethereum, which aim at achieving faster transaction processing times and lower fees. Arbitrum, on the other hand, is an Ethereum Layer-2 solution that has gained increased popularity in recent times because of its capability for complex smart contracts and its adoption by numerous decentralized applications (dApps).

So, what is an air drop? Simply put, an air drop is a marketing technique adopted by blockchain projects to create buzz and awareness around their token. It involves distributing tokens for free to a specific group of people or to the community at large. Air drops prove to be beneficial not only for the blockchain project but also for the end-users who get to own tokens without spending anything.

In this case, Arbitrum’s announcement about the air drop seems to have had a significant impact on the adoption of zkSync and StarkNet. The increased number of users on these networks indicates that people are seeking out different solutions to overcome the limitations of Ethereum in terms of transaction processing speed and fees. The introduction of Arbitrum’s capabilities for complex smart contracts on Layer-2 solutions, and its adoption by numerous dApps in recent times, has generated a lot of buzz among users.

In conclusion, the surge in the number of daily active users on zkSync and StarkNet by about 10 times is an indication that the adoption of blockchain technology is on the rise. The popularity of Ethereum Layer-2 solutions seems to be growing, as evident from the increased number of users on these networks. Arbitrum’s announcement of conducting an air drop appears to have played a significant role in driving the adoption of these networks, especially among those who were previously hesitant due to their limitations.