The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. A principios de este mes, Arbitrum developers noted that the Nitro migration would reduce network fees and improve throughput.
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Arbitrum Developers Implement Nitro Update
los Offchain Labs-managed L2 Ethereum scaling solution Decisión, told fellow Arbinauts (the project’s users) on Wednesday that the development team has implemented the Nitro upgrade. “All Arbinauts, please prepare for liftoff,” the team explained.
Es más, the official Arbitrum Twitter account escribió that the “migration has officially begun, [y] the network will remain down during the upgrade process for the next 2-4 hours.” The team invited fellow Arbinauts to hold tight during the change in the project’s Discord server discussion room.
Bitcoin-Tidings.com Noticias reportado on Arbitrum’s August 31 Nitro upgrade on August 7. The upgrade aims to improve the Arbitrum experience a great deal with faster transactions and lower fees. Corrientemente, Arbitrum’s experience is already a lot cheaper than Ethereum’s gas fees and this was the case before the Nitro upgrade.
Statistics show that current gas costs to send ethereum (ETH) onchain is $1.07 and to swap tokens onchain it’s $5.35, de acuerdo a l2fees.info data. The same fee aggregation website indicates Arbitrum’s L2 fees are $0.14 to send ether, and it is $0.36 per transaction to swap tokens using Arbitrum.
All-time metrics from cryptoslam.io’s non-fungible token (NFT) datos, shows Arbitrum’s the 13th largest blockchain among 19 networks, in terms of all-time NFT sales. The NFT data aggregation site indicates that Arbitrum has recorded $30,122,260 in all-time NFT sales.
Defillama.com statistics shows Arbitrum has close to $1 billion or $947.18 million total value locked (TVL) in decentralized finance (definitivamente) en Agosto 31. Arbitrum is the seventh largest blockchain in terms of TVL size, which has increased by 17.76% durante el último 30 días.
In addition to Arbitrum, there are many L2 choices out there including Immutable X, Metis, Optimism, Loopring, Polygon Hermez, Zksync, Boba, and Aztec. Nitro is Arbitrum’s largest upgrade to date, and the development team already testnet deployed the upgrade last April.
Es más, the blockchain network Ethereum is expected to transition from proof-of-work (PoW) to proof-of-stake (punto de venta) en 12 días via The Merge, and Cardano is expected to initiate the Tenedor duro Vasil in September as well.
At 1:37 pm. (EST), Decisión Anunciado that the Nitro upgrade was officially completed. The team said onchain activity resumed and the developers thanked the community for their patience.
What do you think about Arbitrum’s August 31 Nitro upgrade? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..
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