#ARBITRUM EMERGES AS L2 LEADER: Dominates $ETH Deposits! 😱
Data reveals Arbitrum One as the king of Layer 2 (L2) solutions for #Ethereum deposits! A whopping 75% of all ETH flowing from centralized exchanges (CEXes) to L2s in May 2024 landed on Arbitrum.
This highlights the growing popularity of L2 scaling solutions due to faster speeds and lower fees.
Is Arbitrum the future of DeFi on #ETH ?
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