1d ago
DRIP Week 6 Highlights!
Despite the heightened market last week, lending markets on Arbitrum remain strong.
Here’s the DRIP effect across @arbitrum 👇
1/ Overall Ecosystem
🔹 DEX Liquidity of USD Eligible Assets continues to climb with a new ATH of $117M (+$5M / +4% WoW)
🔹 USDC Circulating Supply on Arbitrum has climbed to $3.3B (+$1.2B / +55% WoW)
🔹 USDC Lending Market Size on Arbitrum has reached a new milestone of $750M (+$29M / 4% WoW)
2/ Top protocols
🔹 The Market Size of Fluid, Morpho, Euler and Silo have returned back to the level prior to the liquidation cascade on October 10th
🔹 Morpho: New Market Size ATH of $447M (+$18M / +4%)
Most of the growth came from syrupUSDC - Market Size up +$14M (+30%)
🔹 Silo: New Market Size ATH of $110M (+$6M / +6% WoW)
- Market Size growth driven by USDC and xUSD
- USDC Loans grew by +$3M (+12% WoW)
- Interestingly, Silo's USDC Loans weren't affected by the October 10th market dip
3/ Top Assets
🔹 thBILL DEX liquidity has jumped to $7.3M (+$5.6M / +450% WoW)
🔹 syrupUSDC Market Cap continues its uptrend, now sitting at $98M (+$20M / +25% WoW)
🔹 gmETH was the only ETH asset that grew this week, by $8.4M / +8.5%, to ~$106M, mainly attributed to Morpho's integration
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