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Arbitrum’s dominance soars as these metrics break barriers

2min Read

The dominance of Arbitrum in the L2 space has coincided with the increase in the price of the ARB token.

Arbitrum's dominance soars: All-time high TVL and ARB volume breaks barriers

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  • The Arbitrum TVL has crossed $10 billion.
  • The ARB volume has increased to its highest in over five months.

Arbitrum [ARB] has been a dominant force in the Layer 2 (L2) space since its launch, and recent reports indicate that its dominance has further strengthened.

Additional key metrics consistently highlight Arbitrum as one of the top-performing assets in the current year.

Arbitrum hits all-time high TVL

L2 Beats data showed a recent surge in Arbitrum’s Total Value Locked (TVL).

Analysis of the data indicated that the current TVL represents an all-time high for both the Arbitrum network and the broader category of Layer 2 solutions. The TVL was around $10.4 billion as of this writing, marking a notable 16% increase.

Furthermore, the collective TVL across various networks was over $21 billion, attributed to the rise in Arbitrum’s TVL and that of other networks. With its current TVL, Arbitrum commands a significant 49% of the market share.

Arbitrum volume nears $1 billion mark

Another encouraging metric exhibiting positive momentum is the Arbitrum volume, as DefiLlama reported. The network’s trading volume has surged beyond $400 million and, as of this writing, was over $900 million, approaching the $1 billion mark.

The chart showed a previous instance of reaching this volume range on 22nd December, when it surpassed $1 billion. Over the past nine months, the volume has only breached the $1 billion mark twice.

The last sustained trend within this range dates back to around April 2023.

Interest in ARB increases

Arbitrum has witnessed a notable rise in trading volume, with a particularly significant surge over the last three days. Analysis of the volume chart on Santiment showed that the ARB volume was around $1.3 billion on 2nd January.

However, as of this writing, it has nearly doubled, reaching over $2 billion. 

Arbitrum volume

Source: Santiment

How much are 1,10,100 ARBs worth today

This increase in volume signals an increased level of ARB trading activity across various exchanges.

Additionally, the daily timeframe chart showed a remarkable growth of over 30% in ARB’s value over the past three days. As of this writing, the current trading price was around $1.9.

ARB/USD price trend

Source: Trading View


Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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