• Development activity on the Arbitrum network increased.
• New addresses continue to overlook the L2 in favor of ARB’s competition.

For some months, Arbitrum’s [ARB] has not been the most used Layer Two (L2) scaling solution. The reason is that the likes of Optimism [OP] and Coinbase’s [COIN] Base are now considered preferred options by market participants.

How much are 1,10,100 ARBs worth today?

Arbitrum attempts to compete in “style”

Despite being pegged back, Arbitrum is not resting on its oars as regards developments on the network. In line with this commitment, Offchain Labs has released the public Testnet for Arbitrum’s Stylus for developers’ use.

The Arbitrum Stylus allows developers to build applications on the Nitro chain while enhancing lower gas costs and enabling Ethereum Virtual Machine [EVM] contracts for faster execution on the blockchain. 

While admitting that it has made the Testnet available for public GitHub repositories, Offchain Labs noted,

“The availability of the live Testnet for Arbitrum Stylus that allows developers to build smart contracts, alongside previously offered EVM languages.”

This move looks similar to the strategic move Base made before its Mainnet launch in the first week of August. During that time, Base experienced a lot of adoption as users found a way to bridge t

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Author: Victor Olanrewaju

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