
Arbitrum Is the leading Ethereum layer 2 by TVL But Lags behind zkSync Era, Starknet and Base By Transaction Throughput.
Arbitrum, the largest Ethereum layer 2 website, has reworked its Odyssey campaign in an effort to entice new users.
The rebooted Odyssey campaign aims to onboard users through a seven-week campaign exploring 13 Arbitrum's top protocols and communities. By doing various tasks, participants can collect 16 NFT badges.
While Arbitrum has been controlling more than 50% of Ethereum's layer 2 ecosystem when measured by total value locked, rival networks such as zkSync Era, Base, and recently Starknet have overtaken it in terms of throughput.
Arbitrum hosted 15.9M transactions over the past 30 days, lagging behind zkSync Era with 30.6M, Base with 21.4M, and Starknet with 20M, according to L2beat.
activity on Starknet and ZkSync Era is likely exaggerated by opportunistic airdrop hunters farming transactions on the networks. Blockchain sleuths identified an entity controlling nearly 22,000 wallets on zkSync Era that had used a closed token and decentralized exchange to artificially generate on-chain activity.
Arbitrum first launched Odyssey in June last year, but halted the campaign after transaction fees rose higher than Ethereum's amid the surge in activity.
When Odyssey first launched, the Arbitrum Foundation asserted that the Arbitrum network only offered around the same capacity as the Ethereum mainnet. The team then chose to halt the campaign until the completion of its Nitro upgrade, which has increased throughput by seven times.
Odyssey's first week will focus on the GMX decentralized exchange, which supports both spot and perpetuals markets. Other notable projects that have been highlighted include Uniswap, the leading DEX, Handle Fi, a decentralized FX protocol, tofuNFT, a multi-chain NFT marketplace, and BattleFly, a play-to-earn strategy game.
The Arbitrum Foundation said that Odyssey participants will not qualify for future airdrops.
Arbitrum's native ARB token is down 1% in the past 24 hours.