Arbitrum One TVL exceeds $20 billion, becoming the first L2 network to reach this scale

According to TechFlow, on December 3, Arbitrum officially announced on the X platform that the total locked value (TVL) of Arbitrum One exceeded US$20 billion, reaching US$20.04 billion, a month-on-month increase of 14%, making it the first L2 network to reach this scale.

Arbitrum officials stated that with the upcoming Stage 2 and the continued growth of the ecosystem in various verticals, Arbitrum One will further expand its scalability capabilities.