⚡️ Friends, if you only look at the narrative rotation, many people might mistakenly believe that Arbitrum's heyday is over. But by breaking down the data and fund flows, you'll find that Arbitrum's core remains unchanged; it is still the king of Layer-2 infrastructure centered on DeFi. As of 2025, Arbitrum has consistently ranked among the top tier of L2 TVLs. What truly supports it isn't short-term hype, but rather its cluster of high-frequency, sustainably fee-generating protocols: perpetual contracts, lending, and DEXs. GMX's perps trading volume and Aave and Uniswap's deep liquidity make Arbitrum one of the few chains that doesn't rely on subsidies. This DeFi activity is beginning to undergo a qualitative change. The choice of Arbitrum by institutional-grade RWA products like BlackRock's BUIDL is not accidental; it reflects their appreciation for its balance between security, fees, and EVM compatibility. This means that Arbitrum is evolving from a retail trading arena into a financial execution layer acceptable to institutions. While other blockchains are still struggling with user acquisition, Arbitrum has quietly completed its transition from speculative finance to fundamental financial infrastructure. This transformation is often the most underestimated yet most difficult to replace phase of the cycle. #Arbitrium #Layer2 $ARB