DEX transaction quantity on Arbitrum hits new weekly ATH

Decentralized alternate (DEX) transaction quantity on Arbitrum hit a weekly all-time-high of $2.62 billion after climbing 34.5% during the last seven days — making it the third most lively blockchain community following Ethereum and Binance Sensible Chain, in keeping with DeFiLlama information.

In the meantime, each day transaction quantity for DEXs on Arbitrum stood at $373.1 million on Feb. 20 — second solely to Ethereum. The whole worth locked (TVL) on Arbitrum was $1.16 billion, whereas the cumulative quantity stood at $122.26 billion.

The spike in transaction quantity over the week was brought on by an increase in most native utility tokens on the Arbitrum community.

Prime 5 DEXs

Primarily based on weekly cumulative quantity, the highest 5 DEXs on Arbitrum have been Uniswap, SushiSwap, Camelot, GMX and Curve.

Uniswap’s 7-day cumulative quantity on Arbitrum was up 35.64% on a weekly foundation to $1.32 billion, whereas its cumulative each day quantity stood at $164.06 million on Feb. 20. Uniswap’s whole cumulative quantity on the community stands at $25.21 billion.

SushiSwap had the second highest 7-day cumulative quantity on Arbitrum at $572.96 million — up 23.95% on a weekly foundation, whereas Camelot’s $149.33 million was the third highest.

GMX – Swap’s 7-day cumulative quantity noticed the largest weekly progress and is up 65.41% to $89.86 million — simply above Curve’s $89.58 million.

Quickest rising userbase

In response to a Bernstein analysis report, Arbitrum is without doubt one of the quickest rising blockchain networks by way of userbase, CoinDesk reported.

In response to the report, the expansion is especially pushed by DeFi and gaming purposes on the community. New person acquisitions are up 2x over six months, whereas transaction progress has hit virtually 50% of each day Ethereum transactions throughout January.