Introduction

In Q1, the Arbitrum blockchain released its own governance token, ARB. This, coupled with the ARB airdrop, created turbulence in the blockchain world. Since then, the Arbitrum ecosystem has expanded due to the initial attention it garnered.

This dashboard aims to provide a comprehensive view of the evolution of Arbitrum and its ecosystem, focusing on simple yet crucial metrics. The ultimate goal is to offer a comparative overview of projects on Arbitrum in 2023, aiding investors in making informed decisions amidst the platform's thriving and competitive environment.

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More 2023 Blockchain Breakdown

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Methodology

In this analysis, we have integrated projects categorized by Flipside, available through the Flipside dim.label table.

Our initial step involved providing an overview of the health of Arbitrum blockchain. This included a thorough examination of metrics such as Total Value Locked (TVL) and the ARB token's price and market cap.

Subsequently, we delved into user activity and onboarding, categorizing the data into projects within specific categories such as DeFi platforms, DEXes, and dApps, with a particular emphasis on DEXes.

Finally, we compare projects on Arbitrum based on their revenue in 2023, aiming to offer a comprehensive understanding of their financial performance.