This week has seen several crypto trends catch the attention of investors and enthusiasts alike. From the rise of altcoins to the latest updates from major players in the industry. Here is a weekly market wrap-up of the major crypto events that lit the crypto markets up.
Arbitrum surpasses Ethereum’s mainnet figures
The layer 2 scaling solution, Arbitrum, has been making waves in the crypto world, surpassing Ethereum’s mainnet in terms of transaction volume. The Arbitrum network broke its 24-hour all-time high record for the number of transactions during the week.
It surpassed Ethereum mainnet by an impressive margin of 1.05 million transactions, with a total of 1.14 million transactions registered.
Source: https://crypto.news/top-crypto-industry-trends-and-news-of-the-week/