Are Arbitrum’s dApps keeping the ecosystem afloat?
Arbitrum's dApps bring in massive amounts of fees as activity on these protocols rises. Whales begin to show interest in ARB as well....
- Arbitrum's dApps experienced a surge in network activity.
- The MUX protocol, a dApp on Arbitrum, contributed to the increased activity by generating significant fees and volume.
- However, DEX volumes and TVL on Arbitrum declined, indicating a need for growth in the DeFi sector.
- Whales showed interest in Arbitrum's ARB token, with a significant investor making a large purchase.
- The surge in ARB prices was attributed to old holders, as network growth and velocity declined.
The article highlights both positive and negative aspects of Arbitrum's ecosystem. The surge in network activity and interest from whales are positive indicators, while the decline in DEX volumes and TVL suggest room for improvement.