Arbitrum's ARB token experienced a decline in price due to the bear market at the start of the year. However, the ARB ecosystem still saw success in 2024, becoming the third-largest blockchain by stablecoin capitalization and tokenizing over $100 million in Real World Assets (RWA). Arbitrum's stablecoin market cap grew significantly, surpassing blockchains like Binance Smart Chain and Solana. Additionally, the tokenization of RWAs on Arbitrum increased, with major asset managers like Franklin Templeton and BlackRock deploying tokenized Money Market Funds on the platform. The Arbitrum DAO holds a significant portion of RWAs to create an alternative revenue stream. The network's Total Value Locked (TVL) reached $20 billion, thanks to developments like the support for USDC as a gas token for Orbit chains. Its shorter block times and profitability for liquidity providers attracted more users and developers. While 99% of RWAs on Arbitrum are US Treasuries, there is potential for expansion into other industries like real estate. With low fees and scalability, Arbitrum could have another successful year in 2025.
- Content Editor ( cryptopolitan.com )
- 2024-12-21
3rd largest blockchain by stablecoin cap, $100M+ in RWA – What went right for Arbitrum in 2024?