- Defi analytics platform announced that Arbitrum TVL has risen by 250% since 2022.
- Arbitrum TVL was $599 million in July 2022 and $1.48 billion in February 2023.
- GMX hit an all-time high of $5,641,320 in users’ fees in February 2023.
On February 13, DeFi TVL and analytics DefiLlama shared that on July 12, 2022 the Arbitrum TVL was $599.35 million, however, the TVL has increased by 250% to $1.48 billion.
On July 12th, 2022, the @arbitrum TVL was $599.35 million. Seven months later, as of today, the TVL has increased to $1.48 billion, a near 250% increase pic.twitter.com/SDDFdxOrUQ— DefiLlama.com (@DefiLlama) February 12, 2023
Moreover, DefiLlama announced on February 11, that recent activity on GMX, including the closing of Andrew Kang’s long positions of ETH and BTC, has resulted in a new all-time high for GMX on its fees dashboard. Additionally, the post said:
In the past 24 hours, GMX reached $5,641,320 in user fees, which is more than double its previous all-time high.
Recently, the performance of Arbitrum in the DeFi space has been astounding. Data from DeFiLlama, which highlighted the chain’s growing percentage of the daily trade volume recor…
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