Network activity on layer-2 network Arbitrum (ARB) reached a new all-time high of 2.7 million transactions on March 23 — doubling that of the Ethereum (ETH) mainnet.

According to Dune analytics data, ETH mainnet processed 1.07 million transactions — while rival layer-2-solution Optimism recorded 228,684 transactions.

On March 23, Arbitrum airdropped its ARB tokens to users — increasing its transaction per second (TPS) by 153.21% to 31.64 on Arbitrum One, according to L2 Beat.

On the same day, Arbitrum users created 107,158 new addresses — the second time network users created more than 100,000 addresses over the past week.

Meanwhile, the increased network activity also propelled the gas consumption across layer-2 systems to a new ATH of 13.12 billion. In the past 24 hours, Arbitrum was also one of the top ETH burners. Roughly 190 ETH were burnt through its sequencer inbox, according to ultrasound.money data.

(By Oluwapelumi Adejumo)