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Ethereum

Arbitrum added $64.2M in stablecoin trading in a week, but what does this mean for ARB?

Image: AMBCrypto

Arbitrum's [ARB] has had a busy week, at least as far as stablecoins are concerned. And, it's probably going to get busier now. Especially now that there's a new privacy tool on the network, giving people more reasons to show up. Will they though? Arbitrum added $64.2M in stablecoin DEX volume last week No one else came close. Arc was in second place, with $11.8 million. Ink added $4.2 million, and Tempo $2.7 million. After that, it fell off a cliff. OP Mainnet, zkSync, and Gnosis each grew by less than $200K, and Boba added under $20K. Every chain from second to eighth together will get you roughly $19.2 million. And yet, Arbitrum’s number is more than three times that.

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