According to data, from DeFillama it has been observed that in the 24 hours the Layer 2 scaling solution called Arbitrum has achieved a milestone by surpassing Ethereum in terms of decentralized exchange (DEX) trading volume.
The recent data indicates that Arbitrums trading volume within a 24 hour period amounted to $1.83 billion marking a week over week increase of 32.58%.
As a result of this surge Arbitrum now accounts for 33.40% of the DEX trading volume positioning itself ahead of Ethereum and claiming the top spot. Conversely Ethereum experienced a decline, in its 24 hour trading volume by 4.77% reaching $1.444 billion.