.arbitrum is riding the positive outlook of the ShapellaUpgrade to chart its price growth
, Layer 2 protocol Arbitrum appears to be the biggest beneficiary of this growth thus far.
According to data from CoinMarketCap, Arbitrum is changing hands at a price of $1.54, up by 20% in the past 24 hours, and by more than 28% over the past seven days. Though Arbitrum is a relatively new protocol, its technological advance, robust and diverse community, and its user-driven innovations have all set it on a pedestal to enjoy an impressive price surge.
As a protocol that helps scale Ethereum transactions through the optimistic rollups technology, Arbitrum has seen more embrace than the majority of its competitors since its inception, and more so since the Shapella Upgrade went live. Data from L2Beat that Arbitrum trails only the main Ethereum blockchain in terms of the total average Transactions Per Second in the past day.
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