Offchain Labs, the software developer behind the Arbitrum blockchain, is launching a new unit that will focus on promoting the widespread adoption of crypto networks.
Arbitrum is a so-called Layer 2 blockchain that enables faster and cheaper transactions on Ethereum, the most commercially successful crypto network. The total value of cryptocurrencies on Arbitrum is about $15 billion, or 41% of the total Layer 2 market, according to tracker L2BEAT, making it the largest in the sector.
