Arbitrum, a well-liked Ethereum Layer 2 scaling resolution, at the moment has round $2.7 billion in belongings locked, as reported by DefiLlama. This complete worth locked (TVL) displays the numerous adoption and development of decentralized finance protocols (DeFi) on the Arbitrum community. Presently, AAVE seems to be main the TVL area as a platform with roughly USD 648 million in it.
High arbitrage protocols by complete worth locked
The whole worth of belongings captured in @Arbitrum $ARB is roughly $2.7 billion, in keeping with @DefiLlama. Let’s evaluate the highest DeFi protocols on #Arbitrum towards the present TVL in USD to guage their adoption scale. pic.twitter.com/3eamsaQPXs
— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 15, 2024
Following AAVE, GMX locks $445 million into arbitrage
After AAVE comes GMX, a decentralized trade targeted on perpetual contracts and spot buying and selling and with a complete worth of $445 million. This displays a excessive degree of exercise and interplay with GMX’s buying and selling providers inside the Arbitrum platform.
One other common decentralized trade at the moment working on Arbitrum is the Uniswap, which has a complete worth of $248 million. Uniswap can leverage Arbitrum to reinforce its liquidity and buying and selling providers within the rising DeFi market.
Pendle raised $223 million because of demand for complicated DeFi monetary devices. One other instance of a lending protocol is Compound (COMP), which at the moment has a complete worth of $119 million, proving that it’s nonetheless helpful to the lending business.
Excessive TVL through arbitrage protocols indicators rising DeFi potential
Different acknowledged protocols embrace Curve DAO (CRV) with $95.3 million, Camelot (GRAIL) with $90.5 million and Renzo (REZ) with $88.7 million. These protocols supply quite a few DeFi providers, together with however not restricted to stablecoin trade, yield farming, and liquidity provision. Moreover, Beefy ($BIFI) owns $81.5 million, and MGP has $72.2 million dedicated to Arbitrum.
The excessive TVL, in keeping with DefiLlama knowledge, in these protocols is proof of robust and rising DeFi on Arbitrum and signifies the potential of the community to facilitate the number of monetary providers and merchandise.