Arbitrum has experienced notable growth in its cryptocurrency holdings this week, according to data from Entropy Advisors. The supply of USDC on Arbitrum increased by approximately 4%, reaching $2.2 billion, while USDT saw a 7% rise, surpassing $1 billion. Additionally, the amount of ETH bridged to Arbitrum hit a new high of 843,000 ETH, which is 12% higher than Base and nine times more than Linea.
Furthermore, the market capitalization of rsETH on Arbitrum is nearing $200 million, marking a sixfold increase since the start of the DRIP incentives. Nearly 90% of these funds have been deposited into Aave, highlighting the platform's growing influence in the DeFi space.
Arbitrum Sees Significant Growth in USDC, USDT, and ETH Holdings
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