In accordance with DeFillama, Arbitrum’s Decentralized Trade (DEX) transaction quantity has risen to a brand new all-time excessive (ATH) in every of the previous two weeks.
Over the previous seven days, DEX transactions have elevated by 32.41% to $4.34 billion. Within the week starting March 5, the amount of transactions on Arbitrum elevated to $3.28 billion.
Every day transaction quantity was $535 million as of March 20 — second solely to Ethereum (ETH) and practically double that of Binance Sensible Chain (BSC).
The highest 5 DEXs on Arbitrum had been Uniswap, SushiSwap, ZyberSwap, Camelot and Balancer. Over the previous seven days, buying and selling quantity on these platforms has elevated by a median of greater than 40% — Camelot jumped essentially the most by 95% to $38.45 million, whereas ZyberSwap noticed the smallest enhance of two.84% to $61.41 million .
In the meantime, Uniswap stays the dominant DEX platform on Arbitrum, accounting for 48% of all trades on the layer2 (L2) community.
Arbitrum’s TVL and stablecoin influx is rising
The entire worth of property locked on Arbitrum rose greater than 20% previously seven days to $3.85 billion, in keeping with L2beats. As for ETH, 2.15 million tokens are locked to the community.
Rising TVL additionally coincided with excessive community exercise on the L2 community. Throughout this era, Arbitrum’s day by day transaction per second elevated by 80.82% to 10.82.
DeFillama knowledge reveals that Arbitrum’s dominant DeFi protocol is GMX — the challenge controls 28.27% of Arbitrum’s complete TVL.
In the meantime, the L2 answer continued to see a rise in its stablecoin influx. For context, Arbitrum’s USD inflows climbed 9% to $1.59 billion regardless of latest points plaguing its ecosystem’s dominant stablecoin, USD Coin (USDC).
Throughout this era, there have been extra inflows of Tether’s USDT and the algorithmic stablecoin DAI into the community in comparison with USDC.
