Arbitrum Reaches New High: 1.1 Million Active Wallets Recorded

Arbitrum's active addresses hit a new peak, surpassing 1.1 million.

, and Administrator

2025 September 16 . 12:37 AM

2 min read

Arbitrum's active wallet count reaches an all-time high of 1.1 million

Arbitrum Reaches New High: 1.1 Million Active Wallets Recorded

The Securities and Exchange Commission (SEC) has initiated discussions on the potential approval of the first Ethereum Exchange-Traded Fund (ETF). This development, if it materializes, could bring significant changes to the crypto landscape, particularly for Ethereum's largest scaling solution, Arbitrum.

Currently, Arbitrum boasts the largest total value locked (TVL) among Ethereum Layer-2 (L2) solutions, standing at a robust $3.1 billion. Over the past month, the most active applications on Arbitrum have been Uniswap, LayerZero, and Xai.

If the SEC greenlights the first Ethereum ETF, it may attract new inflows from institutional investors to Arbitrum and other Ethereum L2s. Institutions like BlackRock, Franklin Templeton, and Grayscale are likely to play a key role in this potential surge, given their interest in the crypto market.

The transaction count on Arbitrum has been on a steady rise, with May 19 seeing a record high of over 3.4 million transactions. This was the third-best day since mid-December 2023. Furthermore, the number of active addresses on Arbitrum's L2 surpassed the 1 million mark for the first time on May 18, and reached over 1.1 million on May 19.

Arbitrum's popularity among institutional investors is also evident in the high volumes of transactions involving stablecoins USDT and USDC. The largest DeFi apps on Arbitrum are Aave, GMX, and Uniswap.

The SEC discussions are ongoing, and while a conclusion is expected soon, the final result is yet to be announced. The outcome could have significant implications for Arbitrum and other Ethereum L2s, potentially leading to an increase in activity and institutional participation.

It's important to note that the potential inflow of institutional funds to Arbitrum and other Ethereum L2s is contingent on the SEC's approval of the first Ethereum ETF. If approved, this could mark a significant milestone in the mainstream adoption of cryptocurrencies.

Stay tuned for updates on this developing story.