Arbitrum, Optimism in 2024: Rising transactions, falling values—why?

In the ever-evolving crypto space, two Layer-2 Ethereum solutions to scale, Arbitrum (ARB) and Optimism (OP), have witnessed significant fluctuations in their transaction activities and fiscal performances thus far this year. However, despite a surge in transaction traffic within their ecosystems, both networks have observed a decline in their Total Value Locked (TVL) and the …