<ul data-eligibleForWebStory="true"><li>Despite a slight monthly revenue decline, Arbitrum protocols generated $5.5 million in revenue in May, showcasing a vibrant community actively using the network.</li><li>Revenue breakdown in Arbitrum's ecosystem reveals diversification, particularly in derivatives and yield protocols.</li><li>GMX leads the derivatives sector with $1.83 million in revenue, while Penpie stands out in yield protocols with $497,000.</li><li>Uniswap remains the top DEX in Arbitrum, with other platforms like Mayan Finance and Camelot DEX making progress.</li><li>Arbitrum's DeFi landscape is evolving with new entrants and sector fragmentation shaping revenue dynamics.</li><li>The ecosystem presents a laboratory for DeFi capital experimentation and growth, driving user interest and innovation across sectors.</li></ul>

Arbitrum Protocols Generate $5.5M in Revenue Despite Slight Monthly Decline

Discover more