According to GrowThePie data, Arbitrum surpassed the 1 billion transaction mark, with 17.71% directed to DeFi activities. Arbitrum is one of the most active L2 chains and shows consistent growth since its launch.
Arbitrum in numbers
The Arbitrum One L2 rollup is considered sufficiently decentralized and has been highlighted by Ethereum’s founder, Vitalik Buterin. Arbitrum easily surpasses Ethereum in daily transactions, handling around 2 million transactions per day.
Factors driving growth
Arbitrum's growth is driven by its close alignment with the Ethereum ecosystem. Arbitrum received $2.63 billion in inflows from Ethereum, 25.5% of which are stablecoins. A significant portion of activity also comprises the Aave V3 protocol, attracting around $3.29 billion in liquidity.
Financial aspects and future prospects
Arbitrum raised $123.7 million from venture funds and is now in an advanced phase of token unlocking. ARB shows an upward trend, with the project being valued for its sustainability and revenue-generating capability.
Arbitrum demonstrates impressive growth and potential for further development, attracting new investments and user activity. As one of the leading L2 chains, Arbitrum continues to strengthen its position in the Ethereum ecosystem.
Comments