Arbitrum surpasses 2.1B cumulative transactions

The Arbitrum Foundation announced on its official blog that the Ethereum (ETH) Layer 2 network surpassed 2.1 billion cumulative transactions as of the end of last year. Additionally, more than 1,000 projects have been built on Arbitrum. The foundation added that the total value locked (TVL) on the network has reached approximately $20 billion, with the stablecoin supply approaching $10 billion.