BTC - This Layer-2 Crypto Just Passed Ethereum on 1 Key Metric and Is Up 27% This Week
2024-01-05 14:26:51 ET
Arbitrum (CRYPTO: ARB) is among the leading large-cap cryptocurrencies in the market this week. As of 1:45 p.m. ET, Arbitrum has surged 27.2% since last Friday's close and is one of the only top cryptos to have reached a fresh all-time high this past week.
For mega-cap cryptos, it's been a rather ho-hum week. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) , for example, ended the week up 3.7% and down 3.4%, respectively. Hence, the outsize interest in names like Arbitrum.
Here's what investors are watching closely when it comes to this Layer-2 Ethereum scaling solution right now.
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This Layer-2 Crypto Just Passed Ethereum on 1 Key Metric and Is Up 27% This Week