Arbitrum, a prominent layer 2 scaling solution for Ethereum, has experienced a notable surge in Total Value Locked (TVL) following the introduction of its Short Term Incentive Program (STIP). Launched with the intention of distributing 50 million $ARB to Dapps within the ecosystem, the program aims to catalyze network and ecosystem growth, with all incentives set to be distributed by January 31, 2024. 1/8 Arbitrum’s $ARB incentive program is showing early signs of success Since launch: TVL is up by 26%. New users up 27%. Some protocols seeing 50x growth per $ spent on incentives Let’s dive in 👇 —
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