Record DeFi inflows, top tier dApps building on top of @arbitrum which has been moving different recently
Arbitrum is already Ethereum’s busiest L2 and with what they are shipping I expect them to increase that gap
Here’s a breakdown of what’s happening and how it works👇🧵
2/ DeFi’s Liquidity Magnet
There’s now $3.44B in stablecoins sitting onchain (58% of which is USDC), fueling record yields and deep liquidity for lending and perps
A very interesting stablecoin play I recommend everyone check out is USDai, which will probably launch on plasma but the stablecoin (& yield tokens) are live on Arbitrum
DeFi apps like Pendle, Morpho, and Silo are hitting ATHs
3/ RWAs
Real-world assets are finding their place on @arbitrum
RWAs just hit a $490M+ TVL, and growth is steadily increasing
4/ What’s new/being built
• @Ostrich_HQ crossed $1B in volume
• @Pendle_fi hit $375M TVL
• @MorphoLabs grew 860% MoM
• Kaito’s Season 2 launched with 700K ARB rewards for creators
5/ Tech improvements
• Stylus: lets devs code in Rust, C++, and Solidity
• Timeboost: generates $2M+ by letting users pay for tx priority
• Orbit: powers custom L3s - Robinhood’s new L2 is coming through it
• Embeddable Bridge: lets apps onboard users without ever leaving the dApp
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