Data: Arbitrum ranks first in terms of the share of total transaction and contract logs in the ecosystem by GMX

According to Nansen data, in the Arbitrum ecological agreement, GMX ranks first with a total transaction and contract log share of 22%, while Treatment ranks second with a 19% share. Sushiswap and Uniswap are ranked from 3 to 5 bits by Hope.

Interpretation of this information:

The message relates to the ranking of different protocols in the Arbitrum ecological agreement as per the data provided by Nansen. The first keyword to focus on is Arbitrum, which is an Ethereum layer-2 scaling solution that supports smart contracts. The Arbitrum ecological agreement refers to a set of protocols and applications built on the Arbitrum network. The ranking refers to the popularity of different protocols in terms of total transaction and contract log share.

According to the Nansen data provided, the top-ranked protocol in the Arbitrum ecological agreement is GMX, which has a total transaction and contract log share of 22%. GMX refers to a decentralized exchange (DEX) that operates on the Arbitrum network. It allows users to trade various Ethereum-based tokens in a trustless environment, without the need for intermediaries. The high popularity of GMX suggests that it has been successful in attracting a large number of users who prefer the DEX model over centralized exchanges.

The second-ranked protocol in the Arbitrum ecological agreement is Treatment, which has a 19% share of total transactions and contract logs. Treatment is a decentralized lending and borrowing platform that operates on the Arbitrum network. It allows users to lend their assets and earn interest, or borrow assets against collateral. The high ranking of Treatment suggests that there is a demand for decentralized lending and borrowing platforms among users on the Arbitrum network.

The remaining protocols in the top five are Sushiswap and Uniswap, ranked from 3 to 5 respectively. Sushiswap is a DEX that allows users to trade various cryptocurrencies, similar to GMX. Uniswap is another popular DEX that operates on the Ethereum network. Both protocols have established themselves as among the leading DEXs in the decentralized finance (DeFi) space, and their presence in the top-five ranking of protocols in the Arbitrum ecological agreement further cements their popularity among users.

In summary, the key takeaway from the message is that the GMX and Treatment protocols are the most popular among Arbitrum users, based on total transaction and contract log share. Both protocols operate in the DEX and decentralized lending/ borrowing spaces, suggesting that there is demand for such services on the Arbitrum network. Sushiswap and Uniswap also rank in the top-five, indicating their continued popularity in the DeFi space. The three keywords that summarize the message are Arbitrum, GMX, and Treatment.