Say bye-bye to expensive gas fees. Decentralized exchange aggregator KyberNetwork has launched on the layer-2 Ethereum scaling solution Arbitrum network.
KyberSwap #76 compared to other DEXs. Since Saturday, it has experienced a tremendous increase in activity, as total users have increased 350% to 19,870 and daily transaction volume has jumped 31% to about $610,000.
In addition to daily users and trading volume, the new integration may have helped total value locked on Arbitrum end a five-day downturn. The current TVL on Arbitrum is $3 billion, according to layer-2 ecosystem tracker L2Beat. Arbitrum is the leading L2 network by a clear margin, with dYdX in second place with $965 million in TVL.by new addresses last week, outpacing the growth rate of BNB Smart Chain, Ronin and other well-established layer-2 solutions.
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