- Arbitrum is above the $1.5 billion cumulative amount in UNISWAP V4, indicating growing activity across the Layer 2 ecosystem.
- Apechain, the launch of the Elumia game, and tokenized Treasury investments all strengthen the presence of Arbitrum’s expanding Web3 and Defi.
Arbitrum has returned to the spotlight after trading volumes in UNISWAP version 4 (V4) broke $1.5 billion. This number shows how often people rely on this Layer 2 network for daily transactions. Imagine in the not too distant future that amount can approach other masses previously owned solely by Ethereum.
Source: Dune
This news is actually becoming a mainstay of many Web3 projects amid the surge in adoption of layer 2 solutions. From reducing transaction fees, increasing speeds, to a much smoother user experience, Arbitrum promises it all.
Uniswap V4 itself has become a kind of “main market” of Arbitrum, and its growth indicates that more and more traders are switching to this ecosystem.
More and more Arbitrums
Furthermore, this achievement clearly came hand in hand with various other strategic steps from the arbitrum ecosystem. On May 14th, the blockchain game Legend of Elmia was officially launched on the Arbitrum network.
This game brings a great promise to the Web3 gaming sector. If the gaming community is interested and active, demand for ARB and Elu Tokens could also increase. But yes, it all depends on how much the community wants to be involved. The world of games is tough, and only people who are truly interesting can survive.
Meanwhile, CNF previously reported that Arbitrum Dao has approved a tokenized $11.6 million investment in the US Treasury Department. This money is divided into three main institutions: Franklin Templeton, Spico and Wisdom Tree. What’s interesting is that Arbitrum is trying to combine the real world of assets with Defi, two things that previously appear to be running in parallel paths.
Not only that, but Apecoin Dao is following along. They launched a special network called Apechain, built with Arbitrum Orbit Technology. They want to have a strong infrastructure so that it never happens again, like when casting other NFTs that “cough” the Ethereum network.
Apechain is designed for Web3 (nft, defi, and gaming) and uses APE as fuel. Arbitrum Orbit was chosen because it is flexible, supports custom gas tokens and makes its tool easier for developers.
On the other hand, the prices of ARB tokens are actually fluctuating. However, according to Concodex, its value is projected to surpass $0.490 over the next few days. To be precise, it’s the 22nd.
Still, it should be noted that technical indicators show neutral sentiment, with the Fear & Greed Index being 74, aka “greed” zone. So yes, the market is optimistic, but cautious. Meanwhile, at the time of reporting, ARB will exchange hands for about $0.3756top 27.61% The past 30 days.