Arbitrum DRIP Incentive Program Week 11 Highlights
1. Overview
• Circulating USDC supply on Arbitrum has grown by ~4% WoW to $2.2B, and USDT has also seen a slight uptick of ~7% to $1.0B
• Total ETH Bridged to Arbitrum has reached a new high at 843k, which is 12% higher than Base and 9x higher than Linea.
• Total ETH Market Size (in ETH terms) has reached a new high of 181K ETH (+9% WoW) - the highest it's been since July 1st
2. Top Protocol Highlights
• @Aave's Total Market Size on Arbitrum remained relatively flat this week, while Aave's total TVL across all chains has dropped by 9%.
3. Top Asset Highlights
• Market cap of rsETH by @KelpDAO on Arbitrum is close to $200M, increased from $30M (~6x) before DRIP started. Close to 90% of the capital has been deposited into Aave.
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