Nansen: The transaction volume of Arbitrum cross-chain bridge reached 93.4 million US dollars in the past seven days
According to reports, Nansen, a blockchain analysis company, tweeted that users were “betting” that Arbitrum and StarkWare would be the head chain of the next wave of token air drops, and the cross-chain trading volume of Arbitrum with the amount of more than 10000 dollars and StarkWare with the amount of 100-1000 dollars increased significantly.
Interpretation of this information:
The blockchain analysis company, Nansen, recently tweeted that there is increasing user interest in betting on Arbitrum and StarkWare to be the main chains for the next wave of token air drops. This tweet suggests that users are speculating on the potential success of these two blockchain projects and are positioning themselves accordingly.
Arbitrum is a Layer 2 scaling solution for Ethereum, which aims to increase the transaction capacity of the network while reducing gas fees. In essence, Arbitrum will help to make Ethereum more scalable and user-friendly. StarkWare, on the other hand, uses zero-knowledge proof technology to offer fast and private transactions on Ethereum. They also offer a cross-chain functionality that allows users to move assets between different blockchains.
The tweet further highlights that the cross-chain trading volume of both Arbitrum and StarkWare has been on the rise. This suggests that users are not only betting on these projects to succeed but are also actively trading assets on these networks. Arbitrum has seen a significant increase in trading volume, with users moving amounts of more than $10,000 across different blockchains. In contrast, the trading volume for StarkWare is not as high, with users transferring amounts ranging from $100 to $1,000.
Overall, this tweet signifies that there is a growing trend among users to predict the success of blockchain projects and make informed investment decisions based on those predictions. It also implies that there is a significant interest in cross-chain functionality, with users looking for the ability to move assets seamlessly across different blockchains. As the cryptocurrency industry continues to evolve, it will be interesting to see how these trends develop and how they will impact the broader market.
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