According to statistics compiled by user Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on April 17. Aside from individual addresses, there are now more than four million active accounts in the ARB ecosystem with nearly 200 million transactions having been completed since inception.
The growth has come on the back-end of both a busy development cycle for Arbitrum and the hype surrounding its March 23 airdrop, an event that saw the distribution of 1.275 billion ARB tokens to a total of 625,143 eligible addresses. The number of accounts amounted to 3.4 million after the last ARB airdrop.
Remember #Arbinauts, you have 6 months to claim your tokens! Gas fees will be quite high, and there will be server congestion.
— Arbitrum (,) (@arbitrum) March 23, 2023
The day after the airdrop, Cointelegraph reported evidence of some consolidating activity as two individual accounts appeared to consolidate tokens from across nearly 1,500 separate addresses.
“According to the blockchain analysis platform Lookonchain, one wallet received 1.4 million ARB from 866 addresses. … another wallet received 933,375 ARB from 630 addresses, worth around $1.38 million.”
On April 15, Arbitrum DAO’s proposal to recall 700 million governing tokens to its treasury was massively outvoted. As Cointelegraph previously reported: “The proposal was defeated by 118 million votes, representing 84% of the total votes received, while 21 million ARB tokens voted for the proposal, nearly 14.5% of the total. Around 2 million ARB tokens abstained.”
1/10 With the ArbitrumDAO reaching consensus against AIP-1, it’s no
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Author: Tristan Greene
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