{"id":11011,"date":"2023-03-20T09:18:46","date_gmt":"2023-03-20T09:18:46","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11011"},"modified":"2023-03-20T09:18:47","modified_gmt":"2023-03-20T09:18:47","slug":"arbitrums-weekly-dex-volume-touches-new-ath","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11011","title":{"rendered":"Arbitrum&#8217;s weekly DEX volume touches new ATH"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Arbitrum\u2019s decentralized exchange (DEX) transactions volume rose to a new all-time high (ATH) in each of the last two weeks, according to DeFillama data.<\/p>\n<p>Over the past seven days, DEX transactions increased 32.41% to $4.34 billion. For the week starting March 5, transaction volume on Arbitrum had surged to $3.28 billion.<\/p>\n<p>Arbitrum\u2019s Weekly DEX Volume (Source: DeFillama)<\/p>\n<p>Daily transaction volume stood at $535 million as of March 20 \u2014 second only to Ethereum (ETH) and almost twice that of Binance Smart Chain (BSC).<\/p>\n<p>The top five DEXs on Arbitrum were\u00a0Uniswap,\u00a0SushiSwap, ZyberSwap, Camelot, and Balancer. In the last seven days, trading volume on these platforms grew by an average of over 40% \u2014 Camelot spiked the highest by 95% to $38.45 million, while ZyberSwap saw the most minor growth of 2.84% to $61,41 million.<\/p>\n<p>Meanwhile, Uniswap remains the dominant DEX platform on Arbitrum, accounting for 48% of all trades on the layer2 (L2) network.<\/p>\n<h2>Arbitrum\u2019s TVL and stablecoin inflow rises<\/h2>\n<p>The total value of assets locked on Arbitrum has risen by more than 20% in the last seven days to $3.85 billion, according to L2beats. In terms of ETH, 2.15 million tokens have been locked on the network.<\/p>\n<p>Arbitrum\u2019s TVL (Source: L2Beats)<\/p>\n<p>The rising TVL also coincided with high-network activity on the L2 network. During the period, Arbitrum\u2019s daily transaction per second rose 80.82% to 10.82.<\/p>\n<p>DeFillama data shows that Arbitrum\u2019s dominant DeFi protocol is GMX \u2014 the project controls 28.27% of Arbitrum\u2019s total TVL.<\/p>\n<p>Meanwhile, the L2 solution has continued to witness an increase in its stablecoin inflow. For context, Arbitrum\u2019s USD inflow climbed 9% to $1.59 billion despite the recent issues plaguing the dominant stablecoin on its ecosystem, USD Coin (USDC).<\/p>\n<p>During the period, there was more inflow of Tether\u2019s USDT and algorithmic stablecoin DAI into the network as against USDC.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/arbitrums-weekly-dex-volume-touches-new-ath\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arbitrum\u2019s decentralized exchange (DEX) transactions volume rose to a new all-time high (ATH) in each of the last two weeks, according to DeFillama data. Over the past seven days, DEX transactions increased 32.41% to $4.34 billion. For the week starting March 5, transaction volume on Arbitrum had surged to $3.28 billion. Arbitrum\u2019s Weekly DEX Volume [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-11011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11011"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11011\/revisions"}],"predecessor-version":[{"id":11013,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11011\/revisions\/11013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11012"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}