Arbitrum USDG Vaults Cross $100M in TVL as ARB Price Eyes $0.185 Breakout

Arbitrum is recording fresh decentralized finance (DeFi) activity after two USDG vaults on its network surpassed $100 million in TVL in less than a month, according to Entropy Advisors. The vaults, curated by Gauntlet and Steakhouse Financial on Morpho, have quickly become leading USDG products. Meanwhile, the ARB price is trading around $0.1707 as traders monitor a potential double-bottom formation. Crypto analyst Crypto With Gopal identified the setup, with a breakout above resistance potentially opening the way toward higher price levels. According to Entropy Advisors, two USDG vaults operating on Arbitrum crossed $100 million in TVL within a month.

Source: TronWeekly