Overview

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According to DefiLlama, Arbitrum recorded nearly $440 million in DEX transactions in the past day, surging past BNB Chain with $410 million. For the week, BNB This surge aligns with Arbitrum’s continuous weekly growth, rising by 32.58% to $6.804 billion, a new all-time high, though still trailing Ethereum’s $9.581 billion. However, it According to recent data on DefiLlama, Arbitrum has been ranked second in terms of DEX volume. The network took over its counterpart, Binance Smart Chain, and it is Arbitrum has emerged as a leading platform in decentralized finance (DeFi), recently claiming the third spot in 24-hour decentralized exchange (DEX) volume, surpassing The total value of assets (TVL) locked on Arbitrum has risen to $3.27 billion as of press time, according to L2Beat data. DeFiLlama data shows that the TVL stands at $1.8 billion. Per DeFillama, derivatives platform GMX dominates the network with a TVL of $522.76 million. Zyberswap and Uniswap follow it. Meanwhile, Wu Ver más Here is a quick overview of the five most active blockchains, in terms of 7-day DEX volume, and the biggest DEX on each of those chains, according to data from DefiLlama. 1. Ethereum Recording $1.637 billion, Binance Smart Chain (BSC) rules the 24-hour DEX volume, outperforming Solana and Ethereum. Base and Arbitrum fell behind; Solana and DEX transactions surged 32.41% in the last seven days to $4.34 billion. Arbitrum transaction volume reached $3.28 billion in the week beginning March 5. As of March 20, the daily

Arbitrum Beats Binance Smart Chain: DEX Volume Surges to New Heights

Arbitrum is making waves in the DeFi space, and the latest data shows a significant shift in the landscape. Is Arbitrum the new king of DEX volume?

Arbitrum Overtakes Binance Smart Chain (BSC) in DEX Transactions

According to DefiLlama, Arbitrum has emerged as a leading platform in decentralized finance (DeFi), recently claiming the third spot in 24-hour decentralized exchange (DEX) volume, surpassing Binance Smart Chain. This is a monumental achievement for the Layer-2 scaling solution.

The network took over its counterpart, Binance Smart Chain, and according to recent data on DefiLlama, Arbitrum has been ranked second in terms of DEX volume. According to DefiLlama, Arbitrum recorded nearly $440 million in DEX transactions in the past day, surging past BNB Chain with $410 million. This surge aligns with Arbitrum’s continuous weekly growth.

Arbitrum\'s Impressive Weekly Growth and TVL

Arbitrum transaction volume reached $3.28 billion in the week beginning March 5. DEX transactions surged 32.41% in the last seven days to $4.34 billion. For the week, BNB Chain saw its share rise.

Arbitrum’s continuous weekly growth, rising by 32.58% to $6.804 billion, a new all-time high, though still trailing Ethereum’s $9.581 billion. However, it\'s clear Arbitrum is closing the gap.

The total value of assets (TVL) locked on Arbitrum has risen. The TVL stands at $1.8 billion, according to DeFiLlama data, while L2Beat data suggests a TVL of $3.27 billion as of press time. Per DeFillama, derivatives platform GMX dominates the network with a TVL of $522.76 million. Zyberswap and Uniswap follow it. Meanwhile, Wu Ver más

Where Arbitrum Stands Compared to Other Blockchains

Here is a quick overview of the five most active blockchains, in terms of 7-day DEX volume, and the biggest DEX on each of those chains, according to data from DefiLlama. 1. Ethereum Recording $1.637 billion, Binance Smart Chain (BSC) rules the 24-hour DEX volume, outperforming Solana and Ethereum. Base and Arbitrum fell behind; Solana and Ethereum are also key players, but Arbitrum\'s recent surge highlights its growing dominance.

While Recording $1.637 billion, Binance Smart Chain (BSC) rules the 24-hour DEX volume, outperforming Solana and Ethereum. Base and Arbitrum fell behind; Solana and Ethereum are also key players, but Arbitrum\'s recent surge highlights its growing dominance.

What\'s Driving Arbitrum\'s Success?

Several factors contribute to Arbitrum\'s success, including its efficient Layer-2 scaling solution, lower transaction fees compared to Ethereum mainnet, and a thriving ecosystem of DeFi protocols.

The Future of Arbitrum

With its increasing DEX volume and growing TVL, Arbitrum is poised to become a major force in the DeFi space. Keep an eye on this innovative platform as it continues to evolve and disrupt the industry. As of March 20, the daily snapshots paint a promising picture for Arbitrum\'s future.

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