Arbitrum TVL Soars 22% Weekly Following Much Anticipated ARB Airdrop
The total value locked in Arbitrum is soaring following the distribution of its much-anticipated ARB airdrop. The total value locked in decentralized protocols on Ethereum’s popular layer-2 scaling solution – Arbitrum – is soaring. This comes shortly after the protocol released its much-anticipated ARB token through an airdrop to early adopters.
Data from DeFi Llama shows that the total locked value (TVL) in Arbitrum is up more than 22% during the past seven days alone. With this, Arbitrum is currently the fourth-largest network by means of TVL, with $2.18 billion, sitting right after Ethereum, Tron, and the BNB Chain. Diving a bit deeper, the decentralized exchange with the highest TVL on Arbitrum is GMX, with $502 million, followed by Uniswap’s V3, with $292 million. Interestingly enough, Uniswap’s trading volume on the protocol soared by around 60% during the past week. The above comes after Arbitrum finally distributed its much-anticipated ARB token through an airdrop to early adopters, This took place on March 23rd.
Source
https://t.me/Bitcoin_NewsTg
