Arbitrum tvl increases by 22 % weekly after the highly expected Arb airdrop

Arbitrum tvl increases by 22 % weekly after the highly expected Arb airdrop

The total value, which is enclosed in decentralized protocols on Ethereum's popular Layer 2 scaling solution-arbitrum-increases rapidly.

This happens shortly after the protocol has published its highly expected Arb-token through an airdrop to Early Adopters.

• Data from Defi Llama show that the Total Locked Value (TVL) in Arbitrum has increased by more than 22 % in the past seven days alone.
• This is currently the fourth largest network according to TVL with $ 2.18 billion, directly to Ethereum, Tron and BNB Chain.
• It also makes up about 4.43 % of the total value that is blocked across all blockchains.

Defi Lama

• When we immerse yourself a little deeper, the decentralized stock exchange with the highest TVL on Arbitrum GMX with $ 50 million, followed by GMX Uniswap’s V3 with $ 292 million. Interestingly, uniswapda's trading volume on the protocol rose by around 60 %last week.
• The above comes after Arbitrum finally distributed its highly expected Arb-token through an airdrop to Early Adopters. This took place on March 23, while the Airdrop itself was unveiled on March 16.
• The Arb-token itself is a governance tool, and the team distributed 11.62 % of its overall offer to Early Adopters, who have done various tasks in recent years.
• In addition, 1.13 % went to decentralized autonomous organizations (DAOS) that helped to create applications on Arbitrum.
• At the time of writing this article, Arb is traded at around $ 1.28 with a market capitalization of $ 1.62 billion, which makes it 39th according to this key figure.

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