Arbitrum Generates $1.43M Revenue from RWA and DeFi Innovations
Arbitrum’s Layer-2 Ecosystem Thrives Amid Real-World Asset Integration and Emerging DeFi Leaders
Arbitrum’s Growth Fueled by Real-World Assets and Innovative DeFi Solutions
Recent data indicates that Arbitrum’s Layer-2 ecosystem is experiencing significant growth, particularly through the integration of real-world assets (RWAs) and the emergence of new decentralized finance (DeFi) platforms. According to analytics from Dune, Arbitrum (ARB) achieved a remarkable $1.43 million in protocol revenue last week, reflecting a 23% increase from the previous week.
This uptick in revenue suggests a revitalization of user engagement and developer activity on the platform, solidifying Arbitrum’s status as a leading Layer-2 solution. Currently, the total value locked (TVL) in Arbitrum stands at $2.42 billion, as reported by DefiLlama, with RWAs playing a pivotal role in this expansion.
Tokenized RWAs on the Arbitrum network have reached an unprecedented $300 million, with projections indicating a potential rise to $1 billion by year-end. This growth underscores the network’s evolving applications beyond conventional DeFi.
Entropy Advisors noted that a significant contributor to this surge was Spiko’s tokenized short-term Eurobills (EUTBL), which saw an overnight increase of nearly $30 million. Currently, EUTBL represents $128 million, accounting for 41.6% of all RWAs on Arbitrum.
The TVL in the RWA sector has skyrocketed 30 times year-over-year, highlighting a growing institutional interest in yield-bearing on-chain instruments.
Challenges Ahead: DeFi Fragmentation and Market Volatility
Despite the impressive revenue growth, there are challenges on the horizon. Arbitrum’s trading and protocol revenue remains highly susceptible to fluctuations in the broader market. In May 2025, protocols on Arbitrum collectively generated $5.5 million in revenue, marking a 6.54% decline month-over-month.
Entropy Advisors provided a breakdown of revenue sources, revealing that derivatives led with $3.18 million, followed by yield protocols at $781,000, decentralized exchanges (DEXs) at $599,000, wallets at $421,000, and lending platforms at $251,000.
The GMX perpetual DEX continues to dominate the derivatives market, but competitors like Gains Network and HMX are closing the gap. Meanwhile, Ostium has emerged as a strong contender, recently surpassing Vertex in both volume and market share.
This increasing competition among perpetual DEXs is fostering innovation and pushing smaller protocols to either carve out unique niches or consider consolidation.
The yield sector is also undergoing transformation, with Penpie attracting a significant number of yield-seeking users recently. Other platforms, including Beefy, Pendle, and Toros, are vying for attention with specialized strategies and integrations. In the DEX landscape, while Uniswap (UNI) remains the revenue leader, Mayan is gaining traction in market share.
As DeFi narratives continue to diversify—from RWAs to advanced derivatives—Arbitrum’s capacity to support a variety of high-performing protocols reinforces its competitive edge in the Layer-2 arena. With projects like Spiko, Ostium, and Penpie gaining momentum, the next phase of Arbitrum’s growth may hinge on delivering genuine utility rather than mere speculation.
Disclaimer
In line with the Trust Project guidelines, BeInCrypto is dedicated to providing impartial and transparent reporting. This article aims to deliver accurate and timely information. Readers are encouraged to independently verify facts and consult professionals before making any decisions based on this content. Please be aware that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
