Arbitrum’s TVL surges to $1.5B as DeFi degens ape into ArbiNYAN By Cointelegraph

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Arbitrum’s TVL surges to $1.5B as DeFi degens ape into ArbiNYAN

layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by roughly 2,300% this past week.

According to L2beat, an analysis platform comparing layer-two protocols, Arbitrum’s TVL tagged an all-time high of $1.5 billion on Sept. 11 as DeFi degens rushed to invest in early farming DApps launching on the network.

Source: ArbiNYAN/USD