Arbitrum is experiencing significant activity and growth during the summer season, highlighted by the ongoing Interchain Summer SocialFest, which runs from July 15 to October 15. The event features a substantial prize vault, encouraging participation in various quests. Notably, the campaign associated with the festival offers a $100,000 prize pool and ends on July 21. Arbitrum's Total Value Locked (TVL) in decentralized finance (DeFi) has reached an all-time high of $4.218 billion, underscoring its dominance among Layer 2 solutions. The platform continues to attract attention and engagement from users, reinforcing its status as a key player in the blockchain ecosystem.