Arbitrum, a layer 2 scaling solution, has reached 1 billion transactions, demonstrating rapid growth and transformation in the DeFi environment.
Arbitrum addresses Ethereum's scalability challenges with Optimistic Rollup, leading to faster transactions and lower fees.
DeFi activity on Arbitrum is flourishing, with lending and borrowing platforms gaining popularity due to lower gas expenses compared to Ethereum's mainnet.
Arbitrum's integration of new features and oracles enhances its potential for providing transparent data and attracting more projects in the future.