GMX and Treatment Top Arbitrum Ecological Agreement According to Nansen Data

03/17/2023 06:24 • Digital Disruptors • 133 views

According to Nansen data, in the Arbitrum ecological agreement, GMX ranks first with a total transaction and contract log share of 22%, while Treatment ranks second with a 19% share. Sushiswap and Uniswap are ranked from 3 to 5 bits by Hope.

Data: Arbitrum ranks first in terms of the share of total transaction and contract logs in the ecosystem by GMX

Analysis based on this information:

The Arbitrum ecological agreement is one of the most promising blockchain ecosystems that is currently gaining traction worldwide. It is a platform that provides developers and users with a faster and cheaper alternative to the Ethereum network. To better understand how the Arbitrum ecological agreement is performing, Nansen data has provided some insights into the transaction and contract log shares of various platforms.

According to the data provided by Nansen, GMX ranks first with a total transaction and contract log share of 22%. This shows that GMX is the most popular platform in the Arbitrum ecological agreement, with many developers and users choosing to use it for their transactions. The platform’s popularity could be attributed to its user-friendly interface and low transaction fees. Additionally, GMX provides its users with a wide range of features, including staking, farming, and trading.

Treatment ranks second with a 19% share, showcasing its growing popularity within the Arbitrum ecological agreement. Treatment is a platform that specializes in decentralized finance (DeFi) and offers a revolutionary decentralized exchange (DEX) for trading various cryptocurrencies. It offers its users reduced transaction fees and a higher level of privacy and security, which is why many users prefer it over other DEXs.

Meanwhile, Sushiswap and Uniswap are ranked from 3 to 5 bits by Hope. They have been gaining traction within the Arbitrum ecosystem, with increasing numbers of users trading on their platform. Sushiswap is a decentralized exchange platform that offers more rewards to users who use its native token SUSHI. In contrast, Uniswap is a platform that allows users to swap various cryptocurrencies without the need for intermediaries.

In conclusion, the Nansen data analysis of the Arbitrum ecological agreement has revealed some interesting insights about the various platforms operating within it. GMX and Treatment have emerged as the most popular platforms with the highest transaction and contract log shares, while Sushiswap and Uniswap have shown remarkable growth within the ecosystem. The data suggests that the Arbitrum ecological agreement has tremendous potential, and its popularity is only going to increase in the coming years.

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