Has Arbitrum gained the top spot in the L2 space? According to these factors...
This surge in TVL also impacted the overall revenue generated by Arbitrum. According to Token Terminal’s data, the overall revenue generated by Arbitrum had increased by 80% over the last 30 days. This revenue can be used to improve the network and bring in new capabilities.However, despite the growing revenue, the revenue wasn’t being used for the betterment of the protocol.
This was signified by the declining number of active developers on the network. Over the past week, the number of active developers decreased by 4.1%. This suggested that the frequency with which contributions were being made to Arbitrum’s GitHub declined.Another alarming indicator was the declining use of stablecoins on the network.
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