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Arbitrum TVL Rises From $599M To $1.48 Billion By 250%

Arbitrum TVL Rises From $599M To $1.48 Billion By 250%

  • Defi analytics platform announced that Arbitrum TVL has risen by 250% since 2022.
  • Arbitrum TVL was $599 million in July 2022 and $1.48 billion in February 2023.
  • GMX hit an all-time high of $5,641,320 in users’ fees in February 2023.

On February 13, DeFi TVL and analytics DefiLlama shared that on July 12, 2022 the Arbitrum TVL was $599.35 million, however, the TVL has increased by 250% to $1.48 billion.

Moreover, DefiLlama announced on February 11, that recent activity on GMX, including the closing of Andrew Kang’s long positions of ETH and BTC, has resulted in a new all-time high for GMX on its fees dashboard. Additionally, the post said:

In the past 24 hours, GMX reached $5,641,320 in user fees, which is more than double its previous all-time high.

Recently, the performance of Arbitrum in the DeFi space has been astounding. Data from DeFiLlama, which highlighted the chain’s growing percentage of the daily trade volume recor…

The post Arbitrum TVL Rises From $599M To $1.48 Billion By 250% appeared first on Coin Edition.

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