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What novel applications have been built on @arbitrum as a result?
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Monthly active addresses for @ShadowOnSonic are up ~10x in the past 30d.
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🆕📊 @VenusProtocol enters into a Data Partnership with Token Terminal ▪️Venus is one of the fastest growing EVM-based lending protocols deployed on BNB Chain, Ethereum, zkSync Era, Arbitrum, Unichain, Base, OP Mainnet, and opBNB. ▪️The community-driven project has not received venture capital funding, and its contributors have extensive experience in building onchain protocols. ▪️Now, with over $2 billion in net deposits, Venus recognized the need for reliable, continuous, and data-driven stakeholder reporting. Learn more 🧵⬇️
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When evaluating general-purpose chains, institutional players like @StanChart pay attention to: ▪️Business success of a chain's app ecosystem (GDP) ▪️Diversity of a chain's app ecosystem (GDP by project) ▪️Sustainable value capture by the chain itself (Revenue & Earnings)
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🆕📊 @SeamlessFi enters into a Data Partnership with Token Terminal ▪️Seamless Protocol is the first decentralized, native lending and borrowing protocol on @base. ▪️The community-driven project has not received venture capital funding, and its contributors have extensive experience in building onchain protocols. ▪️Now, with ~$84m in net deposits and ~$9m in active loans, Seamless Protocol recognized the need for reliable, continuous, and data-driven stakeholder reporting. Learn more 🧵⬇️
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