21h ago
DRIP Week 7 Highlights!
From $300M to over $1B in just two months, Arbitrum’s DRIP USD assets are driving one of the strongest liquidity expansions in DeFi.
Here’s the DRIP effect across @arbitrum 👇
1/ Overall Ecosystem
🔹 Combined Market Cap of USD Eligible Assets have reached new ATH of $569M (+$51M / +10% WoW)
🔹 Market Size of USD Eligible Assets on Lending Markets have also climbed to a new high of $266M (+$39M / +17% WoW)
🔹 USDC Lending Market Size on Arbitrum has reached a new milestone of $800M (+$23M / 3% WoW)
🔹 Bridged Net Flow in the last 7D reached +$455M, mostly from Hyperliquid and Arbitrum Bridge
2/ Top protocols
🔹 @MorphoLabs: New Market Size ATH of $485M (+$47M / +11%)
USDC Loans have now crossed $200M for the first time (+$14M / +7% WoW)
Arbitrum's market share among non-Ethereum networks has increased from <1% to ~9% since DRIP has started
🔹 @SiloFinance: New Market Size ATH of $113M (+$3M / +3% WoW)
USDC Loans have also reached a new high of ~$30M, growing by +$1M (+5% WoW)
@Dune 3/ Top Assets
🔹 rsETH is now the 3rd largest ETH Eligible Asset on Arbitrum at $77M (+$26M / +51% WoW)
🔹 syrupUSDC Market Cap continues its uptrend, now sitting at $126M (+$17M / +16% WoW)
Most of its recent growth can be seen on Morpho.
15.93K
25
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.