Fluid DEX Launches on Arbitrum One Mainnet, Achieves $6M in TVL

Fluid, a new decentralized exchange (DEX) developed by the Instadapp team, has been deployed on the Arbitrum One mainnet. This deployment marks a significant expansion for the Fluid ecosystem, which includes innovative features such as a liquidity layer, automated limits, lending and vault protocols, a robust oracle system, and a DEX protocol. The Fluid DEX enhances trading liquidity by leveraging debt, achieving up to $39 in liquidity for each $1 in total value locked (TVL). Since its launch, the Arbitrum ecosystem has seen rapid growth, crossing $1 million in TVL in less than an hour and reaching approximately $6 million in TVL within three hours. Additionally, Fluid has achieved over $32 million in TVL and $13 million in CurveFinance pools, thanks to the support of 170+ early backers.