As countdown for ARB begins, Arbitrum outshines BNB Chain on this front

  • The weekly growth rate is 32.41%, surpassing BNB Chain in the number of DEX.
  • Last week, the total amount locked in (TVL) jumped to more than 21%.

Over the past seven days, turnover on the [ARB] decentralized Exchange (DEX) has exceeded $4 billion, the main performance of the week so far. In fact, this is also the second level of induction that hit an all-time high for the second week.

According to DeFiLlama, it surpassed BNB Chain [BNB] with a growth rate of 32.41%, becoming a public chain with DEX trading volume second only to Ethernet [ETH].

Uniswap [UNI] accounts for more than 50% of the total turnover on the chain. Additional data from Coingecko show that the larger volume pair on Uniswap (hedging arbitrage) is USDC/Weth, indicating that the trading volume of stable currencies on the exchange is still very large.

TVL growth of Arirum

In addition to DEX trading, Arirum Chain also has a significant increase in deposits in blockchain smart contracts. Last week, total locking (TVL) jumped to more than 21%, the highest among the most popular franchise stores.

Arirum's main Defi agreement is GMX, a decentralized derivatives exchange that accounts for nearly 40 per cent of TVL.

In addition, the number of users of the chain store has also increased significantly. According to terminal data from Token, the weekly average daily active users increased by 44%. The high exposure on the Internet pushed up overall transaction fees last week to $931000, an increase of 11%.

Publicize and plan closely around Arb

Last week, Arirum ecosystem released its original ecological token ARB, and speculation about this token has been booming in the login password industry. AirDrop, to be held on March 23rd, will hand out about 1.27 billion tokens to members of the Arirum community.

The introduction of remediation tokens will allow holders to vote online and make changes to the Arirum One and Arirum Nova Internet, meaning that Arirum is converging to a sound decentralized autonomous organization (DAO).

In addition, Binance, the world's largest digital currency exchange, announced that it will gradually sell ARB and spot market pairs on March 23. According to the exchange, withdrawals will be made gradually on March 24.

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