KyberSwap DEX launches on layer-two network Arbitrum

ranks KyberSwap #76 compared to other DEXes. It has enjoyed a tremendous increase in activity since March 5 as total users have increased 350% to 19,870 and daily transaction volume has jumped 31% to about $610,000.

In addition to daily users and trading volume, the new integration may have helped total value locked on Arbitrum end a five-day downturn. The current TVL on Arbitrum is $3 billion according to layer-2 ecosystem tracker . Arbitrum is the leading L2 network by a clear margin with dYdX in second place with $965 million in TVL.by new addresses last week, outpacing the growth rate of BNB, Ronin, and other well-established L2 solutions. There were 46,200 total unique addresses on Arbitrum in the last week of February, a 12.7% spike from the previous week.Recent volatility on KyberSwap’s TVL is reflective of the activity in the DeFi space in general.

KyberNetwork

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