Arbitrum’s Lively BridgeSep 15, 2021
Arbitrum’s bridge contract had a mere $22M locked in it on Sep. 1, which meant the bridge represented just 0.047% of total TVL in Ethereum bridges. In the past two weeks, a few speculative farms and legit protocols have pushed this share up to 32% — a 640x increase in bridge share in just 15 days.
As noted above, most capital in Arbitrum is farming an extremely speculative token, NYAN, so this isn’t necessarily a sign that this was driven by quality projects migrating to Arbitrum. However, it would be naive not to expect this to happen given the caliber of projects that will soon be deploying on Arbitrum.