Arbitrum
Arbitrum
ARB+1.56%
USDC-0.03%
ETH+1.61%
FLUID+1.01%
The DeFi Renaissance has only begun DRIP it anon 🫡
Entropy Advisors
Entropy Advisors
It has only been 1 week since DRIP launched, and we are already seeing protocols and assets thriving on @Arbitrum! Here are some of the key highlights: 1. Overall Ecosystem: • RWA AUM up 13% WoW, surpassing $420M AUM • DEX liquidity has increased by $104M (23.5%) since DRIP launched, now exceeding $550M, primarily driven by @0xfluid DEX. • Arbitrum's TVL has increased by $350M (+11%) since DRIP launched, primarily driven by the increase from Lending Markets and DEXs. • Combined Market Cap of USD Eligible assets have increased by $110M (+55%), and ETH Eligible assets have increased by $60M (5.5%) • Borrowing Volume of USDC increased by 41%, from $305M to $431M • DEX Liquidity of USD Eligible assets have increased by 21X • Lending Gross Protocol Fees continue to trend up - Euler +47% WoW - Fluid +46% WoW - Silo +17% WoW 2. Top Protocols highlights on Arbitrum since DRIP: • @morpholabs: Market Size 3X from $40M to $162M • @0xFluid: Market size +21% to over $300m driven by USDT/USDC supply and looping activities of USD Eligible assets • @SiloFinance: - Market size +30% to $80m from mostly ETH-denominated looping - Utilization +12% to 44% driven by WETH and USDC loans 3. Top Assets highlights on Arbitrum since DRIP: • @Theo_Network's ThBILL's market cap has 40x • @ethena_labs's USDe's market cap has 5x and sUSDe has 10x • @maplefinance's syrupUSDC has launched on Arbitrum and grew to $26M Market Cap • @ResolvLabs's wstUSR and RLP have grew to a combined market cap of $7.4M • @LidoFinance's wstETH has added $31M Market Cap on Arbitrum • @KelpDAO's rsETH has grown by 37% from $32M to $44M Market Cap
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