Arbitrum is Pulling Ahead in The Stablecoin Race
Arbitrum (
@arbitrum) $ARB recorded a $5.1 billion increase in stablecoin transfer volume over the past seven days, according to Token Terminal data dated November 1.
The growth comes as more stablecoin activity reaches the network.
Last week, robinhood:0x5fc5360d0400a0fd4f2af552add042d716f1d168 lending TVL on Morpho (
@Morpho) has climbed above $140 million, while Dolomite (
@Dolomite_io) recently added USDG support.
The network is also trying to bring more stablecoin activity into its DeFi ecosystem.
Applications are now open for its Stablecoin Growth Program, which offers performance-based incentives and access to a 2 million ARB prize pool.