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How is Arbitrum’s dependence on Ethereum affecting its performance
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ambcrypto.comWhen Arbitrum first launched, it took the DeFi market by storm. Following its expansion within a very short span of time. However, the Layer 2 solution seems to be losing heat, of late. In fact, its dependence on Ethereum has further limited its capabilities.
As an L2 solution, Arbitrum has done an excellent job in scaling Ethereum, but the problem is that while the solution is solid, people are still unwilling to participate in it.
Arbitrum is the biggest Layer 2 solution after Polygon on the Ethereum network and its growth in just four months has been exceptional. At its height, the DeFi chain was conducting 270k transactions. However, since the end of September, the chain has been consistently losing participants.
The average daily txns
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