Arbitrum has captured a large volume of the derivatives transaction volume, according to data from DeFi intelligence tracker DeFiLlama.
Arbitrum accounts for nearly 36% of the transaction volume of multi-chain derivatives protocol. Arbitrum dominates the top 20 derivatives protocols, setting a historical weekly high between February 11 and 17. ARB price yielded nearly 3% gains in the past week and nearly 2% gains on the day. In the past week, Arbitrum dominated other derivatives protocols with $15.44 billion in trade volume. Also read: Fetch.
9 billion transaction volume of multi-chain derivatives protocols. While competitors Ethereum, dYdX and Solana accounted for 24.04%, 17.30% and 8.73% respectively. The rise in Ethereum’s share was largely driven by Aevo, a derivatives trading platform. Arbitrum accounted for $15.44 billion in derivatives trading volume in the week of February 11 and 17. DeFi trading volume. Source: DeFiLlama Arbitrum’s derivatives trade volume has climbed consistently throughout 2024, as seen in the chart below.
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