Activity on Arbitrum, an Ethereum-layer 2 scaling system that uses Optimistic rollups technology to provide faster and cheaper transactions, has picked up the pace ahead of the planned airdrop of its native token ARB on Thursday.

The number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, according to data source Arbiscan. The Ethereum mainnet processed around 1.08 million transactions.

Arbitrum's tally has increased by over 50% since it announced the token airdrop a week ago. The leading scaling project has found more than 400,000 new users in two weeks, taking the cumulative user base to over 3 million, according to data sourced from @Henrystats' Dune Analytics-based Arbitrum dashboard.

(By Omkar Godbole)