Arbitrum Fees Surge by 97% Amid Spike in Daily Transactions

Arbitrum, the leading Layer-2 (L2) blockchain by total value locked (TVL), has experienced a significant rise in average transaction fees alongside a surge in daily on-chain activities.



According to Dune Analytics, Arbitrum’s daily average transaction fees escalated by 97.8%, reaching $0.015 earlier today, before stabilizing at $0.007. This increase in fees aligns with a substantial growth in daily transactions on the network, which rose from 1.7 million to 2.3 million on June 11.



As of now, Arbitrum maintains its position as the largest L2 network with a TVL of $2.97 billion. Despite the surge in fees, it remains competitive among L2 solutions. For comparison, the Zora Network boasts the lowest average transaction fee at $0.0029, while Scroll Network ranks as the most expensive, averaging $0.108 per transaction.



The native t


First found on: Cryptonews from Coinatory