The Arbitrum network has surpassed all other Layer 2 solutions in terms of the total inflows recorded on Ethereum.
Activity on the network grew, but TVL continued to decline.Over the last few months, the protocol has managed to retain its dominance in the Layer 2 sector despite new entrants.According to Token Terminal’s data, Arbitrum has managed to see one of the highest amounts of inflows and has out-competed other Layer 2 solutions on theArbitrum was doing extremely well in terms of activity as well.
Notably, the DEX volumes on Arbitrum had fallen from 2.2 billion to 500 million over the course of the last few days. Coupled with that, the number of core developers contributing to the network had also fallen. These factors could impede the overall growth of Arbitrum, going forward.Even though these factors may momentarily impact Arbitrum’s growth, its rising activity proves that the protocol can improve in the future as users continue to stay interested in the network.
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