Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

STATE OF ARBITRUM ECOSYSTEM

Driven by strong DEX volumes and perp DEX activity, Arbitrum has achieved a self-sustaining DeFi ecosystem with a $2.5B TVL, 1.7M+ weekly active users, 1.9M average daily transactions, and 782 protocols since 2022. Key sectors show significant growth, including Aave's lending market surging 370% to $742M TVL in 2024, stablecoin adoption rising, and real-world asset TVL reaching $150M, supported by the DAO's STEP initiative amid global regulatory clarity.

WHAT HAPPENED WITH SIMD-228?

Solana's governance proposal SIMD-228, which aimed to reduce inflation by shifting to a dynamic model based on staking participation, failed to pass with 61.39% voting yes, below the required 66.67%, despite a record 74.29% stake participation from 70.13% of validators. The proposal's rejection keeps Solana's inflation rate at 4.7%, decreasing 15% annually, but the high engagement—surpassing Cosmos Hub (59.67%) and U.S. 2020 voter turnout (66.8%)—insinuates a maturing, engaged proof-of-stake community focused on the network's economic future.

TLDR IndexPage 6