Arbitrum, a Layer 2 solution on Ethereum, has emerged as a prominent hub in the DeFi sector with $2.73 billion Total Value Locked (TVL). It offers faster and cheaper transactions compared to Ethereum's main network, attracting various DeFi projects including lending platforms, decentralized exchanges (DEXs), and yield platforms. The most valuable project on Arbitrum is AAVE, a lending platform with $821.91 million TVL. Other notable projects include COMP, Pendle, UNI, Grail, and BAL. GMX is the most popular derivatives exchange, while VRTX, REZ, and BIFI offer additional services. These top ten projects collectively contribute to Arbitrum's position as a significant DeFi solution, highlighting its potential for future growth.



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