In recent years, Ethereum’s surge in the development and adoption of Web3, nonfungible tokens (NFTs) and decentralized applications (DApps) has resulted in the platform’s excessive congestion leading to skyrocketing fees. Different solutions have been explored to resolve Ethereum’s scalability, including layer-1 dedicated upgrades. However, L2 solutions seem to have picked up momentum, with the Arbitrum network being one of the most promising.
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Source: Cryptocurrency - investing.com
