Aave Protocol Leads Arbitrum’s DeFi Projects in Terms of TVL with $1.01B
Particularly, as the top DeFi platform on Arbitrum in terms of TVL, Aave ($AAVE) has successfully reached the $1.01B mark. Hence, the well-known DeFi lending platform occupies a cumulative 27.67% of the overall TVL of Arbitrum. After that, USD AI Protocol ($USDAI), a noteworthy RWA lending project, has gained the 2nd top status on Arbitrum with its TVL reaching $585.10M. This figure reportedly equals 16.03% of Arbitrum’s TVL.
Subsequently, standing in the 3rd rank, Pendle Finance ($PENDLE) accounts for $481.56M. With this, the yield platform has touched 13.19% of Arbitrum’s TVL. Coming after that, GMX ($GMX), which is a renowned decentralized exchange (DEX), has attained the $386.42M spot in TVL. Thus, it denotes 10.59% of the TVL of Arbitrum. The next name on the list is Uniswap ($UNI), with its TVL underscoring the $365.78M figure. As a result of this, the DEX occupies Arbitrum’s 10.02% TVL
KernelDAO Bottoms List with 3.25% Share of Cumulative Arbitrum TVL
Moving on, DefiLlama’s list of Arbitrum-based DeFi projects by TVL adds Spiko ($SPIKO) in the 6th place. Specifically, while touching $232.21M, Spiko underscores 6.36% of Arbitrum’s TVL. Additionally, Fluid’s ($FLUID) $202.13M in TVL places it at the top 7th position as it equals 5.54% share of Arbitrum’s TVL. Apart from that, Morpho ($MORPHO) and Compound ($COMP) account for $139.45M and $129.30M in TVL, expressing 3.82% and 3.54% of Arbitrum’s TVL. At the end of the list, KernelDAO ($KERNEL) occupies $118.63M in TVL, displaying 3.25% of the overall TVL of Arbitrum.
