In the weeks after the ARB airdrop, unique users and transaction counts on Arbitrum have remained high on average compared to pre-airdrop levels, Nansen data shows.
Arbitrum airdropped its ARB token on March 23, which pushed its transaction count to an all-time high. A day later, the number of new users on the network reached a record high.
The number of new users on Arbitrum has been slowly declining from its all-time high but remains above Optimism, data indicates. In fact, Abritrum has been competing with Ethereum, often flipping the second-largest blockchain in terms of users and transaction numbers.
The activity of Arbitrum airdrop recipients declined sharply after the airdrop, just like it did after the Optimism airdrop. ARB airdrop recipients accounted for 5% to 20% of transactions on Arbitrum before March 2023, according to Nansen data. However, after the airdrop, the recipients account for only 5% of the transactions on the network. In the case of Optimism, airdrop recipients
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