Transactions on Arbitrum Surpass Bitcoin — Along With Fees

Even as transactions accelerate, the cost to use the Arbitrum blockchain remains low


AppleZoomZoom/Shutterstock modified by Blockworks


The number of transactions on the Ethereum layer 2 scaling solution, Arbitrum, has now surpassed those on the Bitcoin blockchain. And fees have jumped accordingly.

Arbitrum is an “optimistic rollup” that runs on top of the Ethereum blockchain and is designed by New York City-based startup Offchain Labs.

According to information on Crypto Fees, Arbitrum received almost $800,000 in transaction fees over the past day, whereas Bitcoin had only seen around $600,000. 

Although the 7-day average fees received on Arbitrum (ARB) are still slightly lower than that of Bitcoin’s — at $387,000 versus Bitcoin’s $630,000 — the steadily increasing number could indicate that there are now more users posting transactions on the Ethereum L2 network than on Bitcoin (BTC).

There has been a growing number of transactions on Arbitrum following its Nitro upgrade in August last year, so much so that it has overtaken the number of transactions on Ethereum itself. 

Despite the number of transaction fees on Arbitrum increasing, the cost to transact remains relatively constant. 

The cost to send ETH on Arbitrum is currently around $0.10 and the cost to swap tokens is estimated to be $0.28, by contrast, the average transaction fee on Bitcoin remains at roughly $2.05.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report - cover graphics (1).jpg


In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.


The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally


While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders


Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume


DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit


The Boston Globe reports that lawyer John Deaton is weighing a possible bid


Ethereum’s Dencun upgrade will enable Uniswap v4 to optimize smart contracts for complex functionality