Decentralized exchange (DEX) transaction volume on Arbitrum hit a weekly all-time-high of $2.62 billion after climbing 34.5% over the last seven days — making it the third most active blockchain network following Ethereum and Binance Smart Chain, according to DeFiLlama data.
Meanwhile, daily transaction volume for DEXs on Arbitrum stood at $373.1 million on Feb. 20 — second only to Ethereum. The total value locked (TVL) on Arbitrum was $1.16 billion, while the cumulative volume stood at $122.26 billion.
The spike in transaction volume over the week was caused by a rise in most native application tokens on the Arbitrum network.
Top 5 DEXs
Based on weekly cumulative volume, the top five DEXs on Arbitrum were Uniswap, SushiSwap, Camelot, GMX and Curve.
Uniswap’s 7-day cumulative volume on Arbitrum was up 35.64% on a weekly basis to $1.32 billion, while its cumulative daily volume stood at $164.06 million on Feb. 20. Uniswap’s total cumulative volume on the network stands at $25.21
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