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Arbitrum Ecosystem Gains Momentum

Ethereum layer-two blockchain Arbitrum One currently has one of the most active ecosystems in crypto right now, attracting more on-chain funds even while most of the sector remains depressed.

Here are the top five most popular Decentralized Applications (dApps) on Arbitrum, in terms of Unique Active Wallets (UAW) that interacted with the protocol in the past 30 days, according to DappRadar.

1. Galxe

Galxe, a Web3 credential data network, is the leading Dapp on Arbitrum right now, attracting more than 175,000 UAW in the past 30 days.

Arbitrum accounts for about 25% of Galxe’s UAW across nine blockchains, including BNB Chain and Polygon.

2. Stargate Finance

More than 90,000 UAW have interacted with omnichain bridging protocol Stargate Finance on Arbitrum in the past 30 days.

The activity on Arbitrum accounts for nearly half of Stargate’s UAW across seven blockchains, including Ethereum and BNB Chain.

3. Uniswap V3

It’s probably no surprise that major Ethereum Decentralized Exchange (DEX) Uniswap ranks highly on this list, with just over 90,000 UAW on Arbitrum in the past 30 days.

Uniswap is also one of the top Decentralized Finance (DeFi) protocols on Arbitrum with nearly $80 million in Total Value Locked (TVL), according to DefiLlama.

4. GMX

Similarly, people familiar with Arbitrum will recognize decentralized spot and perpetual exchange GMX as one of the blockchain’s top dApps, drawing more than 80,000 UAW in the past 30 days.

GMX is the dominant DeFi protocol on Arbitrum, with its $725 million in TVL accounting for more than 42% of the chain’s total TVL, according to DefiLlama.

5. OpenSea

Crypto’s top Non-Fungible Token (NFT) Marketplace, OpenSea, rounds out our list with more than 30,000 UAW on Arbitrum. That’s a 50% increase in users over the previous month.

The activity on Arbitrum accounts for less than 10% of OpenSea’s UAW across eight blockchains, including Ethereum and, of course, BNB Chain which was just recently integrated.