Since March 2023, when it introduced its native token, ARB, Arbitrum, a significant Layer-2 (L2) scaling solution, has been on a stunning rising trajectory. This has been the case ever since the debut of ARB. The value of ARB has increased by an astounding 74% over the course of the previous thirty days, which is evidence of the tremendous interest that the market has in the protocol.
Particularly noteworthy is the fact that the amount of transactions on Arbitrum's daily decentralized exchange (DEX) has undergone a large increase, which has enabled the protocol to beat Ethereum (ETH) for the very first time in this essential component.
An growing number of people are using Arbitrum and recognizing its scalability within the decentralized finance (DeFi) ecosystem, which is highlighted by this historical milestone.
According to information provided by DefiLlama, the daily DEX volume of Arbitrum has reached an astonishing $1.834 billion over the course of the previous twenty-four hours, exceeding the amount of Ethereum, which was 1.44 billion dollars. After doing an analysis of the data provided by DefiLlama, it becomes clear that Arbitrum's expansion goes beyond the daily DEX volume alone.
The remarkable performance of the token in the market is shown by the sudden increase of 32.58% in the value of ARB over the course of a week. Furthermore, the volume of exchanges on the Arbitrum protocol reached an astonishing $6.804 billion during the course of seven days, demonstrating substantial trading activity on the platform.
Taking into consideration the total value locked (TVL) in DEX, Arbitrum was responsible for $1.297 billion, which was equivalent to 33.40 percent of the entire TVL. On the other hand, Ethereum's total value of assets (TVL) was $5.92 billion, which represented 26.29% of the total. This is evidence that Arbitrum is becoming more popular as more and more people become aware of its potential to provide decentralized trade that is both efficient and safe.
The Financial Metrics of the ARB Climb
Token terminal data reveals that Arbitrum's market value (in circulation) has climbed by an amazing 83.84% to $2.56 billion, which is further evidence of the expansion of the ecosystem that supports the protocol.
Arbitrum's revenue has likewise undergone exceptional growth over the previous thirty days, with a 79.82% rise to reach $11.66 million. This growth accounts for the company's overall revenue.
In addition, when looking at the market capitalization after the company has been completely diluted, Arbitrum has had an increase of 83.84%, reaching $20.07 billion a year ago.
The yearly revenue of Arbitrum has seen a considerable increase, increasing by 101.67% to reach $141.81 million. This is a huge increase. The current monthly income is used to calculate this statistic, which reflects the predicted revenue for a whole year. This figure highlights the protocol's continued growth since its inception.
In terms of fees earned, Arbitrum's 30-day statistics have increased by 79.82% to reach $11.66 million. This trend demonstrates that the protocol is able to collect a considerable portion of the transactional fees that occur inside its ecosystem.
A further validation of the protocol's revenue growth and economic potential is provided by the fact that fees have increased by a staggering 101.67% on an annualized basis, reaching a total of $141.81 million.
The native token of the system, known as ARB, is now trading at $1.8962, which is a decrease of more than 8% in the previous twenty-four hours and lower than its all-time high (ATH) of $2.11, which was reached on Thursday. Despite this dip, it has still increased by 36% over the course of the last 14 days, which is evidence of the positive momentum of the token.
