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Alice Corsini
@alicecorsini
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🧵
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Alice Corsini
@alicecorsini
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 2/
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Alice Corsini
@alicecorsini
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 3/
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Alice Corsini
@alicecorsini
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 4/
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Alice Corsini
@alicecorsini
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 5/
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Alice Corsini
@alicecorsini
Hope you enjoyed this little STIP spotlight. 👋 6/
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