{"id":49317,"date":"2021-09-13T12:36:06","date_gmt":"2021-09-13T09:36:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49317"},"modified":"2025-09-02T12:06:56","modified_gmt":"2025-09-02T09:06:56","slug":"arbitrums-ethereum-layer-2-tvl-hits-2-2-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arbitrums-ethereum-layer-2-tvl-hits-2-2-billion\/","title":{"rendered":"Arbitrum\u2019s Ethereum layer-2 TVL hits $2.2 billion"},"content":{"rendered":"<p>The total value locked (TVL) in the Ethereum layer-2 solution Arbitrum over the past week rose by more than 3,200% and reached a record $2.2 billion.<\/p>\n<p>As of writing, Arbitrum accounts for nearly 74% of TVL among L2 protocols, according to <a href=\"https:\/\/l2beat.com\/\">L2Beat<\/a>. In second place on the ranking is the <span data-descr=\"decentralized finance\" class=\"old_tooltip\">DeFi<\/span>-project dYdX with around 11%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/Tx9m7ZcDLAVsESKXf4H1so8L6W0HOE8dXSq8QpsCFwWqUFf1LOxuGo-1TCIDm24woAKdfcaAyVWHaMgujULl1kYxVgUJ1NYarkky2nNKO-mXb7PKSbOT4AAqcWN-GALISwOqwc--=s0\" alt=\"Value of assets in Arbitrum's Ethereum layer-2 solution hits $2.2 billion\"\/><figcaption>Data: L2Beat.<\/figcaption><\/figure>\n<p>The company behind Arbitrum, Offchain Labs, announced the <a href=\"https:\/\/u1f987.com\/en\/news\/arbitrum-developers-launch-mainnet-for-ethereum-scaling-solution\">mainnet launch<\/a> on August 31, 2021 after a funding round of $120 million.<\/p>\n<p>The exponential growth in TVL began on September 9, when the startup launched the ArbiNYAN yield-farming program based on the NYAN token.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Farm NYAN on Arbitrum! Eth pool launch 23:00 UTC <a href=\"https:\/\/t.co\/RiOlaNkQqn\">pic.twitter.com\/RiOlaNkQqn<\/a><\/p>\n<p>\u2014 arbinyan (@arbinyan) <a href=\"https:\/\/twitter.com\/arbinyan\/status\/1435723034535542791?ref_src=twsrc%5Etfw\">September 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On Saturday, Messari analyst Ryan Watkins drew attention to inflows to Arbitrum.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe volume of assets locked in Arbitrum is approaching $500 million, up 662% over the past week. Reaching $1 billion is just a matter of days. Don\u2019t miss Ethereum L2s \u2014 they\u2019re not even in their final form.\u201d<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Arbitrum TVL quickly approaching $500M, up 662% over the past week.<\/p>\n<p>On pace to reach $1BN in TVL is just a matter of days. <\/p>\n<p>Don\u2019t sleep on Ethereum L2s \u2014 They\u2019re yet not even in their final form. <a href=\"https:\/\/t.co\/q9bxM4KFJu\">pic.twitter.com\/q9bxM4KFJu<\/a><\/p>\n<p>\u2014 Ryan Watkins (@RyanWatkins_) <a href=\"https:\/\/twitter.com\/RyanWatkins_\/status\/1436716535096152069?ref_src=twsrc%5Etfw\">September 11, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Watkins\u2019s forecast came true on the same day \u2014 the figure exceeded $1.4 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/ZID4Sp4FHTjkWZx_jdKEH3VJP94I_FSoCSZkfGmq9Xt2OGtvJAwlJTeg_yLk_buIVvgjZIgPqboMSckxfwGgccpYXFXrsXHBrvcioTh834pNblMuMAn_FS8fo77E7DPnzjZP1HeX=s0\" alt=\"Assets value in Arbitrum's Ethereum layer-2 solution reaches $2.2 billion\"\/><figcaption>Data: <a href=\"https:\/\/l2beat.com\/projects\/arbitrum\/\">L2Beat<\/a>.<\/figcaption><\/figure>\n<p>The NYAN price as of September 12 rose from a few cents to nearly $8. However, it subsequently collapsed sharply, and at the time of writing the asset trades at around $0.50, according to <a href=\"https:\/\/www.defined.fi\/arb\/0x70df9dd83be2a9f9fcc58dd7c00d032d007b7859?cache=ad6ef\">Defined<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/UtDTMCa2Q79v4sHj00MUa1lwqTvZs20VcjizlFJRpZlkwRLjbfvToPMON0IJW8VcdHVqpxbL12HmGiaDYpKBkw1AGv9tfA1nIBNJOifySYVACpAkUrnRNsGCpk10F529usx_B1Xs=s0\" alt=\"Assets value in Arbitrum's Ethereum layer-2 solution reaches $2.2 billion\"\/><figcaption>Data: <a href=\"https:\/\/www.defined.fi\/arb\/0x70df9dd83be2a9f9fcc58dd7c00d032d007b7859?cache=ad6ef\">Defined<\/a>.<\/figcaption><\/figure>\n<p>Reddit <a href=\"https:\/\/u1f987.com\/en\/news\/reddit-to-move-tokens-to-ethereum-mainnet-via-arbitrum\">selected Arbitrum<\/a> to scale its Community Points rewards program based on tokens.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total value locked (TVL) in Arbitrum, the Ethereum layer-2 solution, rose by more than 3,200% in a week and hit a record $2.2 billion.<\/p>\n","protected":false},"author":1,"featured_media":49318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Arbitrum TVL hits $2.2B after rapid weekly growth.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1335,1093,46],"class_list":["post-49317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arbitrum-arb","tag-defi","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"Arbitrum TVL hits $2.2B after rapid weekly growth.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49317"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49317\/revisions"}],"predecessor-version":[{"id":49319,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49317\/revisions\/49319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49318"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}