Post Ethereum merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report.
According to data, user behavior and historical analysis show multiple trends of rapid growth in transactions, total value locked and daily active users at Arbitrum-based platforms.
Arbitrum reaches the top 10 in monthly earnings
When projects give away more token incentives than the revenue they incur, they have negative earnings. Token incentives that are higher than the fees a protocol receives are typically a sign that the growth is not sustainable and is, more than likely, wash trading.
Over the last 30 days, Arbitrum has earned $1 million in fees, a 134.41% increase. The increase in fees also increased the 30-day revenue for the Arbitrum protocol by 46.91%. Such growth puts Arbitrum as No. 8 among all decentralized finance (DeFi) protocols, with $240,000 in earnings.
User growth hits 70,000 daily active users as Optimism investors move to Arbitrum
In order for a protocol to receive revenue and earnings, it needs daily active users. Daily active users…
