Total Arbitrum accounts surpass 5M after airdrop hype: Report By Cointelegraph

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According to statistics compiled by user @Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on Apr. 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 Mar. 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.

Screenshot of Arbitrum user activity chart | Source: Dune Analytics