Arbitrum’s Total Value Locked Soars After ARB Token Airdrop D | Coinseek

Arbitrum’s Total Value Locked Soars After ARB Token Airdrop

Decentralized protocols on Ethereum’s popular layer-2 scaling solution, Arbitrum, have seen a surge in the value locked (TVL) in the past week after the release of the much-anticipated ARB token through an airdrop to early adopters.

Data from DeFi Llama reveals that the total value locked in Arbitrum has increased by more than 22% in the past seven days alone. Arbitrum is the fourth-largest network in terms of TVL, with $2.18 billion locked, following behind Ethereum, Tron, and the 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