Arbitrum, one of the leading Layer 2 (L2) solutions for Ethereum, is growing rapidly. The solution appears on the verge of becoming a dominant force in decentralized finance (DeFi), blockchain applications, and the Arbitrum economy overall. At present, it has achieved some significant metrics. Its transaction volume is up substantially. Not just that, the total value locked (TVL) in DeFi protocols on the Arbitrum One network has hit an impressive milestone. Of course, this too has some implications, as DeFi protocols are now actively utilizing the Arbitrum network for a growing number of transactions. A Growing Arbitrum Economy: Key Takeaways
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