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Nansen Data Reveals GMX and Treatment Lead in Arbitrum Ecological Agreement

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Nansen Data Reveals GMX and Treatment Lead in Arbitrum Ecological Agreement

According to Nansen data, in the Arbitrum ecological agreement, GMX ranks first with a total transaction and contract log share of 22%, while Treatment ranks second with a 19% share. Sushiswap and Uniswap are ranked from 3 to 5 bits by Hope.

Data: Arbitrum ranks first in terms of the share of total transaction and contract logs in the ecosystem by GMX

Analysis based on this information:


Blockchain technology has revolutionized the way people conduct transactions, with cryptocurrencies at the forefront. Decentralized finance (DeFi) protocols have been developed with smart contracts built on blockchain technology that allow for trustless and permissionless financial transactions. One such protocol is the Arbitrum ecological agreement. Recent reports on Nansen data reveal the top players on this platform as GMX and Treatment.

According to Nansen data, GMX leads with a total transaction and contract log share of 22%, followed by Treatment with a 19% share. Both GMX and Treatment offer unique DeFi solutions to users. GMX provides a trading platform with various supported cryptocurrencies and fiat pairs, while Treatment offers a decentralized exchange with anonymous trading and earned dividends from trading fees.

Sushiswap and Uniswap are ranked from 3 to 5 bits by Hope. Sushiswap, with a 15% transaction and contract log share, offers a DeFi solution where users can trade cryptocurrency with the added benefit of sushi rewards. Uniswap, with a 14% share, offers a decentralized exchange that allows for the listing of any ERC-20 token, bolstering liquidity on the platform. The 3 to 5 rankings by Hope are unclear, but could imply a lack of clarity or confidence in the reliability of these protocols.

This data reflects the growing popularity of DeFi protocols on the Arbitrum ecological agreement platform. Smart contract-based protocols allow for greater transparency, security, and efficiency in financial transactions. It is important to note that the market is subject to constant change and these rankings may not reflect the same data now.

In conclusion, while GMX and Treatment lead the way in the Arbitrum ecological agreement, Sushiswap and Uniswap are still significant players in the field. The rankings provided by Nansen data give insight into the DeFi protocols that have gained popularity on this blockchain platform. As more and more users turn to decentralized finance protocols, it will be interesting to see if the current rankings remain stable or if new players enter the scene.

Overall, the article showcases the importance of Nansen data in monitoring and analyzing blockchain-based ecosystems, including DeFi protocols on Arbitrum ecological agreement. The three keywords of the article are Nansen data, Arbitrum ecological agreement, and DeFi protocols.

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