Arbitrum TVL increased more than 50% in the past 2 months

Arbitrum, an Ethereum Layer 2 solution leveraging optimistic rollups technology, has been gaining interest in the market since the beginning of 2023.

Arbitrum TVL increased from $1.02 billion TVL to over $1.5 billion in mid-February, representing over 47% growth in TVL in less than two months. With the current TVL, Arbitrum has become the fourth-largest chain in the DeFi space after Ethereum, BNB Chain, and Tron.