- DeFi TVL on Ethereum Layer 2 Protocol jumped 50% in less than 2 months of 2023.
- Major protocols working on the network are believed to have fueled the growth.
2023 so far has proved to be a good year for crypto. Bitcoin is up to $24,596.70 at the time of writing hints towards positivity in the market. An Ethereum Layer 2 Protocol, Arbitrum also seems to be riding the happy waves, with its Total Value Locked (TVL) gaining nearly 50% in the last two months.
Source: https://www.thecoinrepublic.com/2023/02/16/defi-tvl-of-arbitrum-jumps-by-50-in-eight-weeks-whole-story/