19 Million addresses were active on Layer2s in April. Of that, 4.65M were on Arbitrum 👀

Despite growing competition, Arbitrum remains the leading L2 with 20% market share.

**Wtf is Arbitrum’s STIP?** Let's dive in🧵

Between Q4 2023 and Q1 2024, Arbitrum run STIP - an incentives program across 30 protocols.

During STIP, Arbitrum experienced remarkable growth:
🌱 added over 94,000 daily active users
🌱 aka, +76.4% in DAUs during STIP
🌱 aka, +174% monthly active users in the last 6 months

Via OpenBlocks & GrowThePie

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In crypto since 2014 👾 DAO Governance at Karpatkey.

Built Web3 startups that grew to reach acquired or Billion-Dollar status.
📩 alicecorsini.substack.com

At $16.91 Billion, Arbitrum’s TVL is bigger than Optimism, Base, Blast and Mantle combined.

During STIP, Arbitrum registered an overall $1.31 Billion TVL increase with STIP-supported protocols reaching:
🌱 +118.2% collective TVL increase
🌱  aka, 75.8% of the total TVL growth

Via Via OpenBlocks & GrowThePie

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STIP-grantee Pendle is one of Arbitrum’s 💎 protocols as it was one of the main drivers for TVL growth during the program.

In April, Arbitrum accounted for:
🥧  75% of Pendle’s MAUs
🧑🏻‍💻 aka, 96,800 monthly active users

Via OpenBlocks & TokenTerminal

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STIP-grantee @balancer was the main driver for DAUs increase during the program.

In April, Arbitrum accounted for:
🥧 45% of Balancer’s monthly active users
🔵 aka, it surpassed Polygon becoming Balancer’s largest ecosystem

Via OpenBlocks & TokenTerminal

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Hope you enjoyed this little STIP spotlight. 👋

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