Radiant Capital offers Layer Zero lending services on Arbitrum through the use of its omni-chain protocol. Lending services are a big deal for driving liquidity in the marketplace. Having access to non-custodial lending services is nothing new. But, having them deployed on Arbitrum certainly is. Looking at the Arbitrum ecosystem shows that network effects are steadily increasing as more users flock from other networks. As discussed in How to Earn up to 130% APR with Radiant, This is in large part due to the ease of use and low fees associated with using Radiant Capital. As the #1 lending protocol on Arbitrum, it’s time to dig deeper and see what Radiant Capital has to offer future RDNT token holders.
With over a quarter billion dollars in capital already locked up on Radiant it’s not only become the largest lending platform on Arbitrum, (Learn more about Arbitrum Altcoin Gems) it’s quickly become the third-largest project on the entire network. Superseded by only GMX’s derivatives market ($500 Million) and the infamous Uniswap decentralized exchange ($300 Million). This puts Radiant in a unique position as the first lending protocol on Arbitrum to receive these types of network effects.
This is quite the success story considering that one of the largest known lending platforms AAVE has been around considerably longer and is currently trailing behind Radiant Capital. Of course, this is all subject to change at a moment's notice “if” someone were to remove $30 Million from Radiant and lock it on AAVE. But, for the time being, it seems like the DeFi community has unanimously chosen Radiant as the best platform for lending on Arbitrum.
It just goes