Journalist
Posted:
- Arbitrum and Base enter the field of RWA loans with new collaborations.
- Activity on both protocols remained stable.
In the past month, Optimism [OP] took over the spotlight for its rapid expansion efforts. Now the stage is set for Arbitrum [ARB] and Coinbase [BASE] to make their moves in the crypto space, especially in the field of Real-World Assets (RWAs).
Realistic or not, here is ARB’s market cap in BTC terms
RWAs are integrated
Centrifuge, a prominent player in the world of RWA lending, recently unveiled its implementation on Base and Arbitrum. This strategic move is expected to have a profound impact on both platforms.
.@Centrifugethe leading player in RWA lending, recently announced their commitment to @BuildOnBase And @Arbitrum.
The introduction of liquidity pools has the potential to bring billions in liquidity to these L2s with institutional quality and tokenized assets. pic.twitter.com/Ib7FqMOxkz
— Emperor Osmo🧪 (@Flowslikeosmo) September 20, 2023
The introduction of liquidity pools is poised to inject massive liquidity into these Layer-2 (L2) solutions. These pools aim to bring institutional-grade and tokenized assets into the fold.
This development could be a game-changer for Arbitrum and Base, creating new opportunities and attracting a wider range of users and investors.
A tough battle
Both protocols were promising in terms of activity. Arbitrum in particular thrived with a strong and active user base on the network. However, Base excelled in the number of transactions that took place, indicating a higher level of usage.
Source: Artemis
When it came to the decentralized finance (DeFi) industry, Arbitrum was the undisputed champion. It led in both Total Value Locked (TVL) and Decentralized Exchange (DEX) volumes and consistently showed growth.
Base was still catching up in this area at the time of writing, but the introduction of RWA loans could be a significant step forward.
Source: Artemis
New proposals
Arbitrum’s dominance allowed it to continually improve its protocols through governance proposals. A recent proposal regarding incentives on the board received approval with significant community support.
This proposal outlined a community-created program aimed at distributing up to 75,000,000 ARB tokens from the DAO treasury, which would be used to fuel active Arbitrum protocols.
Read Arbitrums [ARB] Price forecast 2023-2024
Impressively, the proposal received 65% of votes in favor.
Source: Santiment
ARB sees green
Price-wise, ARB was trading at $0.838 at the time of writing. The price has been on the rise in recent weeks, indicating renewed market interest. Furthermore, trading volume for the token increased during this period, from 71 million to 128 million at the time of writing.
Source: Santiment
