Arbitrum DEX trade volume rose 32% second to Ethereum surpassing BNBChain ahead of ARB token airdrop on March 23
Arbitrum Decentralized Exchanges (DEX) trade volume surged 32% and became the talk of the town. Investors’ interest boosted the DEX trading volume of Arbitrum. Llama Fi, an analytic firm, the trading volume of the DEX hit all time-high in the past two consecutive weeks, and currently holds at $4.34 billion.
Further, the Arbiturm network overstepped Binance’s BSC chain. The network stands second to Etherum whose weekly volume is at $23.44 billion. Over the past seven days, DEX transactions spiked 32.41% to 4.34 billion. Daily transaction volume stood at $535 million on March 20, almost twice that of Binance Smart Chain (BSC).
The rise in the volume is primarily sponsored by the hype around the imminent airdrop. Large wallet investors in the crypto asset’s ecosystem increase their activity close to ARB token airdrop scheduled for March 23. Market experts predict a massive liquidity injection in crypto from ARB’s airdrop. A 10 billion governance tokens will be transferred through airdrop.
