Monday, September 26, 2022
HomeOpenseaWhy Arbitrum's TVL’s growth may have set up an 'OpenSea' of opportunities

Why Arbitrum’s TVL’s growth may have set up an ‘OpenSea’ of opportunities

Arbitrum has grown significantly in the past month. The number of blockchain users and collaborations is also increasing.but what caused Is the L2 chain witnessing an influx of these positive developments?

let’s talk facts

Arbitrum has witnessed consistent growth in Total Value Lock (TVL) since July. From his TVL of $601.72 million, Arbitrum is on track to $935.29 million at the time of writing.

Source: DeFiLlama

Additionally, Arbitrum showed growth across the board. The number of unique addresses present on Arbitrum has grown significantly over the past year. Since January, blockchain has acquired 957,324 new unique addresses. As of this writing, the total number of unique addresses he has reached 129 million, and the number is expected to grow further.

However, daily trading on the Arbitrum network has seen some volatility over the months. As you can see in the image below, the number of transactions on the Arbitrum network is growing rapidly. This has been going on since the beginning of the year. However, the number of deals decreased in August.

Source: Abisscan

Transaction numbers also appear to have recovered since August, showing relatively positive growth at the time of this writing. Arbitrum performed well in terms of TVL and gained new users, but there was some uncertainty in some areas.

Arbitrum’s number of daily depositors and withdrawals has dropped sharply since its peak in 2021. Additionally, the number of active depositors and withdrawals remained relatively flat throughout the year. However, the number of deposits that occurred in September surged. So this can be seen as a positive sign for the chain.

Source: Dune Analytics

Another indicator of Arbitum’s growth is the increase in collaborations and partnerships.

“OpenSea” has a lot of fish

September 20, high seas, reading Web3 Announced or even loaned support for Arbitrum. Huge range of NFTs such as Dopex, smolberthWhen Gmex Blueberry Club It will be available to OpenSea users. This development will expose Arbitrum to the large user base owned by OpenSea. Thus, helping Arbitrum grow.

Apart from the NFT space, Arbitrum has also made progress in the DeFi sector. risk finance, Arbitrum, a DeFi platform, will also launch on Arbitrum, strengthening its position in the DeFi market.

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