Arbitrum (CRYPTO:ARB), a prominent Ethereum (CRYPTO:ETH) layer-2 scaling solution, has witnessed a surge in daily transactions, exceeding 2 million, signaling significant adoption growth within the decentralised applications (dApps) space.
Despite a 65% price decline from its recent peak, data indicates a resurgence in transaction volume, potentially hinting at a market bottom for Arbitrum's token, ARB.
The integration of Injective's (CRYPTO:INJ) Layer-3 network in EVM further enhances Arbitrum's interoperability and functionality, facilitating seamless interaction across Ethereum, Cosmos (CRYPTO:ATOM), and Solana (CRYPTO:SOL) ecosystems.
Financial analysts are optimistic about ARB's market outlook, with indicators suggesting potential bullish momentum if critical resistance levels are breached, emphasising the ongoing innovation and growth within the crypto market.