Compiled by: Coinlive
Author: Defi_Mochi
With everyone talking about the new Arbitrum token and its transition into a DAO, twitter is also abuzz about what the transition means, and how the community is reacting towards the change. @Defi_Mochi, a prominent researcher, went throught the trouble to analyse market sentiments and activity in the 24 hours since the airdrop announcement. So what did he find?
A chart of how much capital was brought into Arbitrum over the past three months. There are two significant spikes, which @Defi_Mochi suspects is due to an influx of exchange listing and funds depositing capital into the system.
As a reuslt, DEX volumes have increased to record highs.
The total amount of funds locked into the Arbitrum ecosystem is at an all time high.
Some protocols on the Arbitrum protocol are already recording huge increases in fee revenues.
