The world of decentralized exchanges (DEXs) has been rapidly evolving over the past few years, and the latest development is that Arbitrum has overtaken Ethereum in DEX volume. According to recent reports, Arbitrum has achieved a 24-hour DEX volume of $1 billion, surpassing Ethereum’s $800 million.
This is a major milestone for Arbitrum, as it is the first time that a DEX has surpassed Ethereum in terms of volume. This is a testament to the growing popularity of Arbitrum, which is a layer-2 scaling solution for Ethereum. Arbitrum is designed to provide faster and cheaper transactions than Ethereum, and it has been gaining traction among developers and users alike.
The success of Arbitrum is due to its unique features, such as its ability to support multiple blockchains and its support for smart contracts. This has enabled developers to create more complex and powerful decentralized applications (dApps) on the platform. Additionally, Arbitrum’s low transaction fees and fast transaction times have made it an attractive option for users.
The success of Arbitrum is also due to its strong community of developers and users. The platform has a vibrant and active community that is constantly working to improve the platform and make it more user-friendly. This has helped to drive adoption and increase the platform’s popularity.
The success of Arbitrum is a major milestone for the DEX space, and it is likely to have a positive impact on the industry as a whole. As more users and developers flock to the platform, it is likely that more DEXs will follow suit and begin to compete with Ethereum. This could lead to more competition in the DEX space, which could result in lower fees and faster transaction times for users.
Overall, the success of Arbitrum is a major milestone for the DEX space, and it is likely to have a positive impact on the industry as a whole. As more users and developers flock to the platform, it is likely that more DEXs will follow suit and begin to compete with Ethereum. This could lead to more competition in the DEX space, which could result in lower fees and faster transaction times for users.
20 thoughts on “Arbitrum Surpasses Ethereum in DEX Volume with $1 Billion Traded in 24 Hours”
Does that mean we could see a L3 on top of Arbitrum soon to solve the tps problem?
Scaling on L2 is the way to go.
I always use L2s if possible.
Arbitrum offers a great performance and user experience – and it was the largest L2 for some time now. The foundation being a centralized organisation was not surprising at all.
Everyone here is sad they didn’t buy Bitcoin in 2011 or so, but they immediately sold their ARB on the first FUD wave. Do you know how much FUD Bitcoin received during all this time?
I’m bullish on the ecosystem, not the token. I don’t understand the need for a governance token where major proposals are only for ratification.
Great ecosystem awful token, and i think alot of it is that controversial proposal. Volume and buyers are good but idk if it is when its people buying mass amounts to manipulate governance proposals. I mean we all like 20% but do we like *why* its doing 20%?
It actually makes a lot of sense for ecosystems such as Arbitrum to overtake Eth by activity in certain areas, since the gas fees are so much lower compared to Ethereum
But all these does not matter for Eth price, because these are Dapps that are building on top of the Eth network.
So if Arbitrum is winning, Ethereum is also proving its value since Arb is building on top of Eth. So such innovations built on Eth are always a win-win for all parties!
Hold your airdrops! <3
Arbitrum is just a joy to use. Fees are so low its awesome
It’s nice to see these liquidity pumps through the market, Maybe moons will get a share of that
OP is right, tps is just on the okay side but I do trust that they can develop into a better ecosystem.
Gonna hold my ARB for some more time although I don’t see it having a lot of use cases.
Once you try L2.. you never go back
>The vast majority of that trading volume is put through Uniswap
I really like that. Looks like crypo finance is becoming more and more decentralized as it should be.
I wasn’t planning to buy any but after seeing the opinion of this sub go pretty negative on it, I bought about a week ago
The airdrop was awesome for ARB, it brought tons of volume and attention. Bullish on ARB.
Still a sneaky project. Exercise caution if investing
That what I expect from a huge layer 2 chain
I sold mine so it pumped , just more of the usual, the fact that they didnt respond correctly to the voting dao it disappointed me
I hope they doesn’t disappoint in the next bull run