Camelot - a decentralized exchange (DEX) on Arbitrum - crossed $100 million in total value locked, up 50% over the past week. reports
CoinGeckoCamelot’s growth comes amid massive interest in Arbitrum’s ARB airdrop coming on Thursday. Camelot is a DEX built on Arbitrum, and users in the Camelot ecosystem are expecting ARB, once airdropped, to be listed on the DEX, which would mean ARB can be traded or deposited in Camelot’s liquidity pools.
Additionally, the number of users and transactions on Camelot rose by 19% and 42%, respectively, over past seven days, per Nansen data. Wrapped ether , USD coin and Camelot’s native token GRAIL are the three most liquid tokens on Camelot, making up 64% of TVL, according to data sourced from Camelot’s analytics page.
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