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On Arbitrum this week:
Payments adoption increasing, tokenization growing and finance becoming more programmable.
> Arbitrum One hit $900M in total RWA market cap
> Tokenized funds market cap on Arbitrum One reached a new high of $700M
> Robinhood Chain reached 329K RWA holders, $3.3M in total revenue and $8.3B in @Uniswap volume.
> @ModernTreasury now supports stablecoin pay-ins, conversions and payouts through a unified API and ledger, including PYUSD on Arbitrum One.
> Arbitrum One becomes the top L2 for payments in July on @KoloHub with $13.7M monthly volume.
> @variational_io expands its collaboration with the Arbitrum Foundation to grow the programmable economy.
> @zerodev_app by @Offchain announced 3 months of the ZeroDev Growth Plan for Arbitrum teams, including 100,000 credits, gas sponsorship, and bundler infrastructure. (Use Code: ARBZERODEV at https://t.co/5ZQgHzgcLe)
> @Shopify now supports USDC payments on Arbitrum One through Shopify Payments.
> Arbitrum One is the top L2 for borrowing and lending on @aave v3 with $728M in TVL.
> Stablecoin card issuer @immersve hits record high of $13.6M in stablecoin volume processed in July on Arbitrum One.
> @FreedomFactory, makers of the first quantum-proof hardware wallet, added support for Arbitrum One.
> Canary Capital, which manages nine figures in AUM for institutional clients, called Arbitrum's economic model "particularly compelling."
TLDR: The future of finance is the programmable economy
Over the past 3 weeks, the Open House London Buildathon brought together 782 builders and 278 project submissions across DeFi, AI, RWAs, payments, privacy, and more.
Meet the winners of the $85K prize pool. 🧵👇