Arbitrum’s Lively BridgeSep 15, 2021
Ethereum has the most well-capitalized DeFi ecosystem, with over $100B of capital locked in smart contracts and more on the sideline. As a result, it makes sense to evaluate how much of this capital is moving to other networks.
Less than a week after launching, the value locked in Arbitrum’s bridge is closing in on that of Polygon. There was a flurry of liquidity mining announcements across Avalanche, Fantom, and Harmony over the last few weeks. Despite this, Arbitrum has been able to outshine its EVM-compatible competitors. If anything, this is evidence of just how much the market had been anticipating Arbitrum’s launch.
A sharp increase over the weekend brings the total value locked on the Arbitrum Bridge to $2.4b. On the other hand, Polygon’s Bridge TVL has been on a slow decline and hovering around $2.5b since peaking at ~$4.6b. Notable mentions to Fantom and Avalanche, both of whom have done a good job of attracting capital.