Identifying the why and how of Arbitrum flipping Ethereum on this front
Arbitrum outperformed Ethereum in terms of daily active addresses for the second time.
The heightened use of the Arbitrum protocol has resulted in a commensurate increase in the total value locked in its smart contracts. Additionally, Artemis’ data indicated that except for Ethereum, the project had exceeded most protocols in this aspect, with its TVL recorded to be $2.2 billion at press time.
But still needs about x14 TVL to reach Ethereum on that measure! The article mentions some negatives, such as dev activity - and a falling coin price - but good to see renewed challenges to Ethereum-dominance.