http://jaberwalk.victoryc.hop.clickbank.net/
Ad
Stablecoin inflow into Ethereum (
$2,756.73 ) (ETH) layer 2 (L2) networks increased 5% in the last seven days to over $2 billion, according to DeFillama data.
Arbitrum averaged a $10M inflow per day in February
In February, Arbitrum’s stablecoin inflow averaged over $10 million daily as the network saw a total influx of around $300 million.
Source: DeFillama data.
The inflows continued during the early days of March as it recorded a cumulative sum of $32.52 million. The network saw an outflow of $10.15 million during the same period.
The network’s significant inflow occurred on Mar. 5 when it recorded an inflow of $16.57 million in one day.
DeFillama data showed that USD Coin (USDC) accounts for 67% of all stablecoins on Arbitrum with $968.63 million. Other dominant stablecoins on the network include Tether’s USDT and DAI, with a cumulative balance of $394.81 million.
The increased stablecoin inflow also coincided with a period when transaction activity on Arbitrum increased. The L2 network saw its transaction volume reach a new all-time high of 690,000 in Feb. Besides that, the increased network activity saw its transaction volume surpass Ethereum ( $2,756.73 ) for the first time.
Meanwhile, Arbitrum is the second most popular network for decentralized exchanges (DEX). For context, its total volume in the last 24 hours was $207.29 million, ahead of rivals like Polygon, Binance Smart Chain, and Optimism. However, it is miles below Ethereum ( $2,756.73 ) , which is $1.03 billion.
According to L2Beat, the total value of assets (TVL) locked on Arbitrum is $3.37 billion, rising 0.17% in the last seven days.
Optimism stablecoin inflow rises 5% in seven days.
Since the beginning of March, Optimism’s (OP) stablecoin inflow increased 4.89% to $669.11 million, according to DeFillama data.
Source: DeFillama
Optimism’s significant inflow occurred on Mar. 3 when it recorded around $6.3 million.
The increased inflow is in contrast to February when it recorded an outflow of nearly $120 million.
USDC is also the dominant stablecoin on Optimism. The Circle-issued stablecoin accounts for roughly 55% of the stablecoins on the network, with $364.56 million. The other stablecoins in the top three include Synthetix protocol’s sUSD and USDT, with a combined value of $145.77 million.
Optimism’s TVL stands at $1.89 billion, according to L2 beats data.
$86,011.00 ) SV spikes 33%
