Arbitrum Recorded 1.09 Million Active Addresses on October 28

On October 28, the Arbitrum One network recorded about 1.09 million active addresses, marking a 30-day high, according to the growthepie dashboard. This represents a 90.3% increase from the previous week. For comparison, during the last surge on October 21, there were 571,767 addresses – the new figure is almost double.

Transactions grew more modestly: about 2.1 million, up 29.3% for the week. The difference in growth rates suggests that not all new addresses are equally active. One person may manage multiple wallets, and automated systems can generate activity. There is not enough data yet to identify the specific source of the surge.

Daily fees remained around $19,100 – a decrease of 0.8% for the week. More addresses are operating without a corresponding increase in fees: the network can handle more low-cost operations rather than economically significant transactions.

Arbitrum is one of Ethereum's Layer 2 networks: transactions are processed off the main network, with Ethereum used for settlements and security. This allows applications to operate with low fees and high throughput. The platform supports decentralized exchanges, lending protocols, and stablecoins, and is attracting interest from financial institutions exploring tokenized assets.

Activity on the network is not directly linked to the price of ARB, Arbitrum's governance token: increased activity does not guarantee a rise in its value. In the coming days, it is worth monitoring three metrics – active addresses, the number of transactions, and fees. If all three are rising, it more strongly indicates sustainable growth; if addresses quickly return to previous levels, the surge on October 28 may prove temporary.