Arbitrum Ecosystem Growth
As a layer 2 built on Ethereum, Arbitrum is immediately accessible to those that are familiar with transacting on Ethereum and used to popular decentralized applications like Uniswap, Sushi and Aave.
It's also just as simple to build on Arbitrum as it is on Ethereum, since developers can use all their standard developer tools â such as Truffle, Hardhat, Remix, etc., to build and deploy on the platform.
This has led to what can only be described as meteoric growth of its user base and the rapid expansion of its ecosystem. Indeed, there are close to 4 million unique Arbitrum addresses â a number that has been increasing parabolically since launch. Meanwhile, there are now more than 400 Arbitrum DApps, many of which fall under the DeFi umbrella.
Some of the platform's most popular DApps now have over $100 million in TVL â including GMX, Uniswap, Treasure and Camelot.
Despite being the fourth most popular blockchain by TVL, Arbitrum is the 18th blockchain by 30-day fee revenue â at just $3.8 million compared to Ethereum's $178.4 million, per data from token terminal.
