➥ Arbitrum is now hosting DeFi, gaming, RWAs, and agents under one liquidity roof. Every cycle crowns a chain that becomes the center of gravity for everything onchain. While others chase new narratives, @arbitrum just kept building quietly stacking volume, liquidity, and infrastructure until the numbers spoke for themselves. ◾️ Onchain pulse In the past 30 days: – Daily active users surged past 320K, the highest since Q1. – Network revenue grew +42% MoM, now #2 only to Ethereum. – TVL reclaimed $3.95B, up +25% since August lows. – Stablecoin supply back above $5.21B, signaling strong liquidity return. – DEX volume hit $16B+, maintaining ~25% L2 market share. ◾️ Ecosystem breakdown – Perps & DEXs: @GMX_IO V2 is back above $500M OI, while @vertex_protocol and @muxprotocol continue pulling real trader flow. – Restaking & LSDs: @ether_fi and @KelpDAO are expanding onto Arbitrum, boosting yield composability. – Infra & Yield layers: @pendle_fi and @SiloFinance have seen double-digit TVL growth in a month. – RWA / Credit: @ClearpoolFin's PayFi vaults and @plumenetwork integrations are bringing credit markets onchain. – Gaming: @XAI_GAMES and @Treasure_DAO continue holding the gaming liquidity crown. It’s no longer just DeFi summer; it’s the multi-vertical phase where DeFi, gaming, RWAs, and agent protocols all coexist under one liquidity layer. ◾️ My stance I’ve held a core Arbitrum stack since 2023, GMX, Pendle, and a few early infra plays like Dopex and Premia. I rotated some $ETH into eco vaults last month and plan to scale exposure ahead of Q4 incentives. Data looks healthier than sentiment. Arbitrum is still the largest L2 by active liquidity and remains Ethereum’s main leverage layer. The key shift is qualitative, productive value with more credit, yield, and restaking activities happening per dollar of TVL. ◾️ And here’s Yap SZN2 tips I want to share before we end → Don’t chase noise, track metrics. → Follow DEX, perp, and stablecoin flows via DeFiLlama + Artemis. → Watch for recurring spikes in active addresses & bridging volume. → Position early in infra (Pendle, Silo, Dolomite) and verticals with upcoming catalysts (XAI, Plume, Clearpool). → Keep dry powder for incentive rounds, Arbitrum’s eco fund still has >$100M unallocated. From STIP → LTIP → Builder Grants, capital is now flowing in structured waves. Each phase compounds ecosystem growth and keeps builders incentivized. I still believe Arbitrum will remain the liquidity base layer of this bull, because metrics don’t lie, they just compound.