• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Arbitrum TVL

Arbitrum’s DeFi TVL Jumps Almost 50% In Two Months, What’s Going On?

Best Owie
by Best Owie
2 years ago
·
Posted in Altcoins
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Arbitrum, an Ethereum Layer 2 protocol, has been seeing renewed interest in the market since the year began. The decentralized finance space on the network has been especially fortunate during this time, jumping almost 50% in less than two months.

2023 Brings Good Tidings For TVL On Arbitrum

The Ethereum Layer 2 scaling solution started out the year 2023 like any other protocol and that is with low momentum. The entire decentralized finance (DeFi) market was negatively affected by the bear market, causing TVL across networks to drop drastically.

Related Reading: Bestselling Finance Author Says Bitcoin Will Reach $500,000, But What Will Drive It?

However, Arbitrum has been able to leverage the recent recovery in the market to push up its own TVL. The protocol which was sitting at a TVL of $1.02 billion ballooned to over $1.5 billion by mid-February. This represents an over 47% growth in TVL on the protocol in less than two months.

Arbitrum DeFi TVL rises almost 50%

Arbitrum TVL jumps to $1.51 billion in 2023 | Source: DeFiLlama

This sudden rise in TVL puts it ahead of other protocols such as Polygon, which is another Ethereum Layer 2 scaling solution. Not only that but Arbitrum is now sitting comfortably ahead of the likes of Avalanche, Fantom, and even Solana, as well as Cardano.

To put this in perspective, the total TVL of Avalanche, Fantom, Solana, and Cardano is $926.65 million, $508.58 million, $249.68 million, and $110.15 million, respectively.

With its current TVL, it is the fourth-largest in the DeFi space behind networks such as Ethereum, BNB Chain, and Tron. 

Ethereum price chart from TradingView.com

Market recovery pushes Ethereum price above $1,500 | Source: ETHUSD on TradingView.com

What Is Driving This Growth For The Ethereum Layer 2 Blockchain?

As with anything in the crypto space, the driving factor behind the growth of the Arbitrum TVL has been a rise in adoption. Since January, there have been some notable launches on the blockchain which has helped to drive more attention to it.

One of these is the Camelot decentralized exchange (DEX) which launched back in December. The native token of the DEX called GRAIL rallied tremendously, hitting an all-time high above $3,000. This spurred the release of other tokens that led to high demand on the network.

Related Reading: Dogecoin Market Cap Surpasses Polygon As Elon Musk’s Tweet Triggers Rally

Other important protocols that are operating on the blockchain include GMX, a derivative platform, which currently boasts the highest TVL of $463 million, accounting for over 30% of the TVL. Uniswap V3 was also launched on Arbitrum and has reached a TVL of $117.8 million at the time of writing. Other important protocols include SushiSwap, ZyberSwap, AAVE V3, Cruve, and Synapse, which are all fully operational on Arbitrum.

Interestingly, Arbitrum itself does not have its own native token. The network is powered by Wrapped Ether (WETH) and offers significantly cheaper fees compared to the Ethereum Layer 1 blockchain.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from CoinGecko, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Follow

Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

Full Profile

Related Posts

XRP

Is Real Estate About To Unlock XRP’s Next Sky-High Rally?

1 day ago
altcoins-prets-a-exploser-septembre-2025

3 altcoins prêts à exploser en septembre 2025

4 days ago
Ethereum

Ethereum Smart Contracts Become Latest Hiding Spot For Malware

4 days ago
Sunswap Drives TRON DeFi Expansion With 16 Million Transactions

Sunswap Drives TRON DeFi Expansion With 16 Million Transactions

2 weeks ago
China Renaissance Buys $100M In BNB – Expands Crypto Partnerships

China Renaissance Buys $100M In BNB, Expands Crypto Partnerships

2 weeks ago
Altcoins

Bitcoin At $230,000, XRP At $9, And Dogecoin Price To $2.5? Analyst Unveils Q4 Targets

2 weeks ago

Premium Sponsors

Press Releases

  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    48 minutes ago
  • miner

    New hope for XRP holders: Switch strategies and earn $7,481...

    2 hours ago
  • miner

    ETF fever sweeps the market, BAY Miner cloud mining allows...

    3 hours ago
  • miner

    Institutional capital pours into DOT Miners, pushing XRP...

    4 hours ago
  • miner

    Ripple (XRP) on-chain popularity surges: FindMining opens...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.