The daily trading volume of Ethereum’s two-layer network, Arbitrum, hit a record high before its token ARB was airdropped

It is reported that daily trading volume of Arbitrum has reached a record high before the airdrop of tokens. Arbitrum is an expanded system on the second layer of Ethereum, using Optimistic rollops technology to provide faster and cheaper transactions. Its on-chain trading activity accelerated before the planned airdrop of its native token ARB on Thursday.

Interpretation of this information:

The daily trading volume of Arbitrum, a second-layer system built on top of the Ethereum blockchain, has hit an all-time high in anticipation of its planned airdrop of native token, ARB, on Thursday. Arbitrum uses Optimistic rollups technology to enable faster and cheaper transactions, which has increased its on-chain trading activity. The surge in trading volume suggests that investors are bullish on the potential impact of the airdrop on the platform’s growth and value.

Optimistic rollups technology is a Layer 2 scaling solution that enables faster transactions while reducing network fees. It achieves this by processing transactions off-chain and then posting them together onto the blockchain. This reduces the strain on the blockchain, leading to faster and cheaper transactions for users. Arbitrum implemented Optimistic rollups technology to enable efficient and high-capacity transactions on its platform, which seems to be working, given its popularity.

The airdrop of the ARB token is another exciting development on the Arbitrum platform. An airdrop is a distribution of free tokens to users who hold specific cryptocurrencies. The airdrop of ARB tokens to users is as an incentive to boost the usage of the platform, attract new users, and increase the token’s value. This has proved to be an effective marketing strategy for many blockchain startups, including Arbitrum, who is using the airdrop to reward its early adopters.

In summary, the news of Arbitrum’s record high trading volume is a positive indication of the platform’s growth potential. Its use of the Optimistic rollups technology has increased its efficiency, leading to more on-chain trading activity. The upcoming airdrop of ARB tokens is another exciting development that is likely to increase the platform’s popularity and value. Investors are optimistic about the future prospects of the Arbitrum platform, given the current market trends and the technological innovations it employs.