- Arbitrum generated increased income in comparison with different L2 options with no token incentives.
- NFT buying and selling quantity surged on Arbitrum.
Arbitrum was noticed to be producing extra income when in comparison with different layer-2 options like Optimism and Polygon.
In accordance with knowledge offered by the token terminal, Arbitrum generated $14.4 million in income with out accumulating any overhead by providing token incentives.
However, Polygon generated $5.6 million in income however had $599 million of token incentives or prices. For Optimism, the income generated was $7.4 million however its token incentives had been $70 million.
Arbitrum’s fats pockets
This lack of overhead for Arbitrum may have a optimistic impression on the way forward for the layer 2 options. In the meantime, with an growing variety of distinctive customers on Arbitrum, the income generated by the protocol will proceed to develop.
![](https://ambcrypto.com/wp-content/uploads/2023/01/Screenshot-2023-01-26-at-2.17.45-PM.png)
Supply: Arbiscan
Moreover, the variety of distinctive customers on Arbitrum may develop even additional. Because of the favored NFT assortment, Pudgy Penguins, which is ready to launch on the layer 2 options.
In a latest tweet, the Pudgy Penguins assortment introduced that it might be changing into a multichain assortment. This might additionally add to the already growing Arbitrum NFT buying and selling quantity.
![](https://ambcrypto.com/wp-content/uploads/2023/01/Screenshot-2023-01-26-at-2.39.13-PM.png)
Supply: Dune Analytics
Notably, the quantity of ETH saved by Arbitrum customers noticed a surge over the past month. That is possible as a result of decrease prices related to utilizing the Arbitrum community in comparison with different layer-2 options.
![](https://ambcrypto.com/wp-content/uploads/2023/01/Screenshot-2023-01-26-at-2.41.38-PM.png)
Supply: Dune Analytics
Not “Steady”
Nonetheless, there's one space the place Arbitrum witnessed a decline. It was the community progress of stablecoins on the Arbitrum community which decreased step by step, as per the information by Santiment.
A decline in community progress steered that the variety of new addresses transferring these stablecoins on the Arbitrum community went down over the past month.
Total, the information offered by the token terminal means that Arbitrum is a powerful participant within the layer 2 options market.
The dearth of overhead and the rising variety of distinctive customers on the community may result in additional progress for Arbitrum sooner or later.
The NFT and buying and selling quantity enhance, and the financial savings made by Arbitrum customers additionally present that there’s a rising curiosity on this Layer 2 answer.
Nonetheless, the one side that has seen a big decline is the ‘community progress of stablecoins’ metric on the protocol.