Arbitrum’s Total Value Locked Soars After ARB Token Airdrop

By Coinseek | Circle Assures Customers It Will Cover Any Shortfa | 27 Mar 2023

Decentralized protocols on Ethereum’s layer-2 scaling solution, Arbitrum, have seen a surge in value locked. This comes after the much-anticipated ARB token was released through an airdrop to early adopters.

According to DeFi Llama, the total locked value (TVL) in Arbitrum has increased by more than 22% in the past week alone. As of now, Arbitrum is the fourth-largest network with a TVL of $2.18 billion, trailing behind Ethereum, Tron, and BNB Chain, and accounting for roughly 4.43% of the total value locked across all blockchains.

Taking a closer look, the decentralized exchange with the highest TVL on Arbitrum is GMX, with $502 million, followed by Uniswap’s V3 with $292 million. Interestingly, Uniswap’s trading volume on the platform has risen by around 60% in the past week.

Source

Resources

https://coinseek.me/arbitrums-total-value-locked-soars-after-arb-airdrop/

Cryptocurrency Arbitrum (ARB) Arbitrum

How do you rate this article?

Coinseek

Coinseek.me is a media company that focused on Cryptocurrency, Blockchain, Crypto Event Calendar and NFT. We have created a place where it is easy and engaging to learn about cryptocurrency and blockchain, discuss the latest developments in the field, and

Circle Assures Customers It Will Cover Any Shortfa

USDC issuer, Circle, has issued a statement updating investors on its cash reserves, which are currently stuck with Silicon Valley Bank (SVB). This follows the recent collapse of SVB, which has left the fate of USDC’s funds in question. https://coinseek.me/circle-assures-customers-it-will-cover-any-shortfall/

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.