
Arbitrum Airdrop Boosts Network Adoption Despite Bearish Crypto Market: Nansen Report
A recent report by blockchain analytics firm Nansen highlights the positive impact of the Arbitrum airdrop on network adoption, despite prevailing bearish sentiment in the crypto markets. The airdrop not only led to a surge in users and transactions on the Arbitrum network but also contributed to sustained high usage even after the airdrop concluded. This sets Arbitrum apart from other layer-2 networks like Optimism, which experienced stagnant or declining usage during the same period. The Nansen report reveals that the Arbitrum network surpassed Ethereum, its base layer, in terms of usage on certain days. This surge in activity demonstrates