in last November cryptocurrency The sudden bankruptcy of the stock market FTX damaged the confidence of investors in centralized exchanges (CEX), while investors left CEXs and turned to decentralized exchanges (DEX).
While DEXs have seen increases in trading volumes since then, analysts at investment firm Bernstein have studied leading blockchain Arbitrum.
According to the news of Coindesk, Bernstein analysts Gautam Chhugani and Manas Agrawal He said that Arbitrum has the fastest growing user base among the leading blockchains.
Stating that the project tokens traded on the Arbitrum network are also among the best performing altcoins this year, analysts said, Arbitrum’of decentralized exchange trading volume Binance Smart ChainHe stated that it exceeded the volume of .
Pointing out that daily transactions reached 690,000, analysts said that the increase in transactions was fast and that the daily transactions in January Ethereum (ETH) said it had reached almost 50% of its transactions.
Referring to DeFi, analysts said:
“Arbitrum is seeing aggressive growth in managed users/active users/transactions/revenue as the wider adoption and scale of on-chain DeFi and gaming applications.”
Analysts stated that the trading platforms in the network also contributed to the growth in Arbitrum.
In the report, it was stated that besides the crypto trading platforms crypto derivatives exchange GMX existing in Arbitrum, Gains Network, Vela, Camelot, Rage Trade, Dopex, Lyra and Buffer Finance are also included.
Analysts said that the number of new users doubled in six months and daily active users tripled in the same period, and analysts said that it is the only chain where TVL has grown. Arbitrum said that.
*Not investment advice.
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