Ethereum Layer 2 protocol Arbitrum surpassed $150 billion in transaction volume on the decentralized exchange Uniswap.
Arbitrum is the first Layer 2 to pass the threshold on the DEX, Uniswap Labs wrote in a social media post on Monday. As of early May, Arbitrum's cumulative swap volume hit $150.2 billion.
Blockchain data tracker DeFiLlama shows Arbitrum's total value locked (TVL) as $2.64 billion, making it the largest Layer 2 by TVL and the fifth largest protocol by TVL behind the Layer 1s Solana, BSC, Tron and Ethereum.
The protocol's native token, ARB, changed hands at $1.07 at 12:45 p.m. ET (16:45 UTC) on May 6 after seeing a 2% decrease of $0.022 in the past 24 hours, according to The Block price page for ARB.
Arbitrum's core contributor, Offchain Labs, released the Layer 2's most recent upgrade, called Atlas, in March of this year. The upgrade added block transaction support to help lower Ethereum Layer 2 transaction costs, The Block previously reported.
Uniswap is the largest decentralized exchange by TVL, maintaining $5.54 billion as of May 6, DeFiLlama data shows.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
There is no comment, immediately to comment!