Ethereum’s Layer2 protocol, Arbitrum, has exceeded $150 billion in transaction volume on the decentralized exchange platform Uniswap. Uniswap Labs announced that Arbitrum is the first Layer2 protocol to break this threshold on a decentralized exchange (DEX).
Blockchain data tracker DeFiLlama shows that the total value locked (TVL) in the Arbitrum network is $26.4 billion, making it the largest Layer2 protocol by TVL.
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