Why Arbitrum seems to be the most desired chain for DeFi
Arbitrum was still the decentralized finance (DeFi) leader in the L2 ecosystem.
Despite the emergence of several Ethereum [ETH ] scaling solutions in the past year, Arbitrum’s [ARB ] dominance in the landscape has remained largely intact.
According to on-chain analytics firm IntoTheBlock, the layer-2 (L2) blockchain accounted for over 50% of ETH’s total transaction volume across top optimistic rollups, including Optimism [OP ] and Base.
Source: IntoTheBlock
However, it should be noted that in the broader L2 market, Arbitrum lost out its transaction dominance to zk rollup, zkSync Era.
According to AMBCrypto’s examination of L2Beat data, Arbitrum clocked a little over 24 million cumulative transactions in the past month. This paled in comparison to zkSync Era’s 30-day tally of 41.3 million.
The significant disparity in transaction numbers was due .
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