- Arbitrum has surpassed $1.5 billion in cumulative volume on Uniswap v4, signaling growing activity across the Layer-2 ecosystem.
- ApeChain, Elumia game launch, and tokenized treasury investment all strengthen Arbitrum’s expanding Web3 and DeFi presence.
Arbitrum is back in the spotlight after its trading volume on Uniswap version 4 (v4) broke through $1.5 billion. This number shows how often people rely on this Layer-2 network for their daily transactions. Just imagine that in the not too distant future, that volume could approach other large numbers that were previously only owned by Ethereum.
Source: Dune
This news comes amid the surge in adoption of Layer-2 solutions, which are indeed becoming the mainstay of many Web3 projects. From lower transaction fees, increased speed, to a much smoother user experience, Arbitrum promises all of that.
Uniswap v4 itself has become a kind of ‘main market’ on Arbitrum, and its growth shows that more and more traders are switching to this ecosystem.
More and More Joining Arbitrum
Furthermore, this achievement apparently came hand in hand with various other strategic steps from the Arbitrum ecosystem. On May 14, the blockchain game Legends of Elumia was officially launched on the Arbitrum network.
This game brings great promise to the Web3 gaming sector—if the gaming community is interested and active in it, it is possible that the demand for ARB and ELU tokens will also increase. But yes, it all depends on how much the community wants to get involved. The gaming world is harsh, and only the truly interesting can survive.
On the other hand, CNF also previously reported that Arbitrum DAO has approved an $11.6 million investment into a tokenized US Treasury. The money is divided between three major institutions: Franklin Templeton, Spiko, and WisdomTree. Interesting, because it means that Arbitrum is trying to combine the world of real-world assets with DeFi—two things that previously seemed to run on parallel paths.
Not only that, ApeCoin DAO is also following suit. They launched a special network called ApeChain, built with Arbitrum Orbit technology. They want to have a strong infrastructure, so that it doesn’t happen again like when minting the Otherside NFT which made the Ethereum network ‘cough.’
ApeChain is designed for Web3—NFT, DeFi, and gaming—and uses APE as its fuel. Arbitrum Orbit was chosen because it is flexible, supports custom gas tokens, and its tools make it easy for developers.
Meanwhile, regarding the price of the ARB token, it has indeed fluctuated. However, according to CoinCodex, there is a prediction that its value could break through $0.490 in the next few days—May 22, to be exact.
Even so, it should also be noted that technical indicators are now showing neutral sentiment, and the Fear & Greed index is at 74, aka the “greedy” zone. So, yes, the market is optimistic but remains cautious. Meanwhile, as of press time, ARB is swapped hands at about $0.3756, up 27.61% over the last 30 days.
