8 Tweets 19 reads Nov 27, 2022
How's @arbitrum doing?
Glad you asked, anon.
Let's take a look ๐Ÿงต
The number of unique contracts & unique wallets deploying contracts on Arbitrum is going vertical.
More protocols, more tokens, more NFTs.
More things for people to do.
More opportunities for value creation.
Daily transactions and daily actives pretty much at ATH.
Steady upwards growth.
Arbitrum now 5th in TVL rankings for the first time.
Marketshare of TVL has grown by over 2x since beginning of the year.
Cambrian explosion of DeFi protocols happening on Arbitrum.
Money markets, derivatives trading, options, forex, social trading & more.
Arbitrum has the fourth highest number of Chainlink price feeds out of all blockchains.
The more high-quality price data, the more on-chain financial markets.
Price feeds are launched based on user demand.
A native Arbitrum dapp (GMX) is the fifth highest revenue generating protocol (last 90 days) on @tokenterminal's list of top dapps and blockchains.
Based on the above, I think it is safe to say Arbitrum is doing rather well.
User and developer growth in a bear market is no small achievement.
And we've got a native token to look forward to.
The future is looking bright for this L2.

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