DEX transaction volume on Arbitrum hits new weekly ATH

Decentralized speech (DEX) transaction measurement connected Arbitrum deed a play all-time-high of $2.62 cardinal aft climbing 34.5% implicit the past 7 days — making it the 3rd astir progressive blockchain web pursuing Ethereum and Binance Smart Chain, according to DeFiLlama data.

Meanwhile, regular transaction measurement for DEXs connected Arbitrum stood astatine $373.1 cardinal connected Feb. 20 — 2nd lone to Ethereum. The full worth locked (TVL) connected Arbitrum was $1.16 billion, portion the cumulative measurement stood astatine $122.26 billion.

The spike successful transaction measurement implicit the week was caused by a emergence successful astir autochthonal exertion tokens connected the Arbitrum network.

Top 5 DEXs

Based connected play cumulative volume, the apical 5 DEXs connected Arbitrum were Uniswap, SushiSwap, Camelot, GMX and Curve.

Uniswap’s 7-day cumulative measurement connected Arbitrum was up 35.64% connected a play ground to $1.32 billion, portion its cumulative regular measurement stood astatine $164.06 cardinal connected Feb. 20. Uniswap’s full cumulative measurement connected the web stands astatine $25.21 billion.

SushiSwap had the 2nd highest 7-day cumulative measurement connected Arbitrum astatine $572.96 cardinal — up 23.95% connected a play basis, portion Camelot’s $149.33 cardinal was the 3rd highest.

GMX – Swap’s 7-day cumulative measurement saw the biggest play maturation and is up 65.41% to $89.86 cardinal — conscionable supra Curve’s $89.58 million.

Fastest increasing userbase

According to a Bernstein probe report, Arbitrum is 1 of the fastest increasing blockchain networks successful presumption of userbase, CoinDesk reported.

According to the report, the maturation is chiefly driven by DeFi and gaming applications connected the network. New idiosyncratic acquisitions are up 2x implicit six months, portion transaction maturation has deed astir 50% of regular Ethereum transactions during January.

The station DEX transaction measurement connected Arbitrum hits caller play ATH appeared archetypal connected CryptoSlate.