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Arbitrum is closing 2023 with robust momentum fueled by its incentive system. Just some weeks following incentives started to be distributed to protocols on Arbitrum, there are presently favourable signs of additional users and funds flowing to the layer two community.
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DeFi protocols on Arbitrum have observed net inflows of money most times Considering that the STIP began. The biggest working day of TVL expansion was on November 10, wherever just about $80M was deposited into Arbitrum protocols, driven largely by the beginning of incentives in GMX, Arbitrum’s largest derivatives trading Trade, and Radiant, Arbitrum’s primary lending protocol.
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