Arbitrum records impressive network growth: What’s coming next?

Arbitrum recorded impressive growth in its DEX trading volume. The daily active users on Arbitrum skyrocketed in February. Arbitrum added another feather in its cap after its decentralized exchange (DEX) volume eclipsed BNB Chain over the last 24 hours, a tweet from DeFiLlama revealed.   Additional data from the tweet highlighted that the layer-2 solution […]

Furthermore, a new DEX on the chain, Camelot, has created a buzz in the DeFi space. Camelot’s TVL jumped from a little over $22 million at the start of February to $63.56 million at the time of writing, almost tripling in value. Camelot’s native token GRAIL grew at an astonishing 900% rate over the last 30 days, perArbitrum posted a solid performance as far as its key indicators were concerned.

The rapid jump in the number of users catapulted the validator fee on the chain to about 110k, an increase of over 300% over the last week. The growth in network traffic augured well for the future of blockchain.With the surge in trading activity on the Arbitrum network, the speculation of a token AirDrop started doing the rounds on social media. A community member expressed confidence that the AirDrop will happen soon. However, nothing official has come out yet.

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