The ecosystem of ethereum scale solution arbitr has proved to be elastic. No matter what the red numbers in the password market are, it welcomes the adoption of steady growth. Fear of the consequences of the FTX crash still dominates the sentiment in the crypto market. It is unclear what action Governments will take. In addition, due to the bankruptcy of FTX, it is unclear whether other encryption companies need to register for bankruptcy in the next few weeks. In the worst case, another transaction may threaten the password market.

Nevertheless, there are still positive developments in cryptography. For example, the ecosystem of Ethereum scale solutions has been growing steadily in the past few weeks despite the price drop.

Arbitrum is the leading layer 2 blockchain (L2s) in Ethereum ecosystem, and uses the so-called optimistic upward technology to scale the blockchain. See for the reasons behind this technology. The number of Arbitrum users set a new record at the beginning of this month and has remained at a high level ever since.

The collapse of FTX does not seem to change this growth. On the contrary, the data on the Dune password analysis page shows that Arbitrum users had an unprecedented transaction volume in the last week.

Arbitrum project benefits from FTX Debakel

Another consequence of the FTX disaster is that many users realize that they are less secure in the corner of the centralized exchange than in their wallets. As a result, more and more investors binary Cobamba and upload it to their own briefcases.

However, because they want to continue to operate without a central exchange, many choose to switch to DeFi traders. One option is gmx Io (GMX) Decentralized Stock Exchange (DEX).

As one of the largest exchanges in the arbitrum ecosystem, trade has increased, so on GMX, due to the collapse of FTX. On November 10, the single day trading volume reached a record of about $1.17 billion.

Because in GMX transactions, about 30% of the cost is directly paid by GMX seed, which reflects the huge growth of trade volume despite the FTX collapse of GMX price. GMX courses have increased by about 20% in the past 30 days, among other reasons. GMX is $40 at the time of forfeiture.