Report Shows Arbitrum Lending Market Contracts Amid ETH Drop

Arbitrum’s lending market contracted 13.3% to $2.51B amid a 40.6% ETH price drop. Stablecoin market cap grew 1.7% to $4.56B; yield-bearing stablecoins surged 51.4% to $973M. Morpho led growth at 17.1% (+$60M). sUSDS rose $250M to $355M, sUSDC up 33.3% to $104M. infiniFi and Reservoir launched with $165M and $82M TVL respectively. Euler, Aave, Fluid fell 40.5%, 18.4%, 10.4%. ETH supply rose 10.8%.