⚡️ Friends, if we only look at the narrative rotation, many people may mistakenly believe that Arbitrum's highlights are already over.

But once you break down the data and the flow of funds, you will find that the core of Arbitrum has not wavered; it remains the king of Layer-2 infrastructure centered around DeFi.

By 2025, Arbitrum will firmly remain in the top tier of L2 TVL, supported not by short-term trends, but by a cluster of protocols that generate high-frequency and sustainable transaction fees, including perpetual contracts, lending, and DEXs. The trading volume of GMX's perps and the deep liquidity of Aave and Uniswap make Arbitrum one of the few chains that thrive without relying on subsidies.

The activity level of this DeFi has begun to undergo a qualitative change. It is no coincidence that institutions like BlackRock BUIDL are choosing Arbitrum for their RWA products, as they value its balance in security, costs, and EVM compatibility.

This means: Arbitrum is upgrading from a retail trading venue to an institutionally acceptable financial execution layer.

While other chains are still anxious about traffic, Arbitrum has quietly completed the transition from speculative finance to basic financial infrastructure. This transformation is often the most undervalued stage in the cycle, yet the hardest to replace.

@arbitrum @arbitrum_cn #Arbitrum #layer2 $arb #kaito @KaitoAI #Yap