DRIP Week 8 Highlights! Two months in and we're still seeing Lending Protocols and Assets continue to grow and hitting new milestones on @arbitrum! Study the DRIP effect ✍️
1/ Program Overview 🔹 Combined Market Size of @arbitrum Lending Protocols has now reclaimed its high of ~$3.4B 🔹 Total ETH Loans have reached a new ATH of ~140K ETH 🔹 Market Cap of yield-bearing USD Eligible Assets briefly crossed $600M this week, marking a new ATH
2/ Protocol Highlights 🔹 Total Borrowed Market Size on @eulerfinance made a new ATH of ~$78M this week - a 2.5x increase since the launch of DRIP 🔹 Most of this growth can be attributed to USDC, which now makes up over 90% of Euler's Borrowed Market Size
3/ Asset Highlights 🔹 New Market Cap ATHs: - @renzo's ezETH: $60M, +$24M / +66% WoW - @Theo_Network's thBILL: $126M, +$29M / +30% WoW - @KelpDAO's rsETH at $100M, +$8M / +7% WoW 🔹 GHO circulating supply on Arbitrum has also made a new ATH of ~$8M
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