These Ethereum Projects All Go Live on Arbitrum This Month


Key Takeaways

Ethereum scaling solution Arbitrum is set to launch later this month.
73 projects are ready to deploy, providing a complete ecosystem from launch.
As more scaling solutions come online, activity is expected to shift away from the main Ethereum network.

Share this article

The Arbitrum team has launched the Arbitrum One portal, showcasing the wallets, apps, and tools available to use after the scaling solution goes live to the public later this month. So far, 73 projects are ready to deploy, featuring a host of DeFi “blue chips” along with many up-and-coming protocols. 

The Arbitrum Ecosystem

Arbitrum is set for an explosive launch later this month.

The highly anticipated Ethereum layer two scaling solution will launch with integration from 73 projects, including many of the biggest names on the Ethereum network. Users can see which projects are ready to deploy by checking the Arbitrum One portal, released on Aug. 11. 

🎆In preparation for our upcoming launch, we’re happy to announce the release of the Arbitrum One Portal!🎆

Scroll through tons of the dapps, wallets & tools you know and love on Ethereum, as well as new ones making their debut on Arbitrum!https://t.co/4kUximmJ27

— Arbitrum is hiring (@arbitrum) August 11, 2021

The Arbitrum One portal has listed many so-called DeFi “blue chips,” including Aave, Balancer, and Curve, along with major decentralized exchanges such as Uniswap and SushiSwap. By integrating so many established protocols from launch, Arbitrum will gain access to large amounts of liquidity, kickstarting its DeFi ecosystem. Users will also have access to a range of options for storing their funds on Arbitrum, with Metamask, Coinbase Wallet, and Math Wallet all enabled for integration. 

Along with the big players, up-and-coming DeFi projects such as DODO are also bullish on Arbitrum’s approach to scaling Ethereum, prioritizing development on the protocol. DODO CEO Lei Mingda commented on his experience onboarding DODO to Arbitrum, telling Crypto Briefing that the layer two “works even better than expected.”

With so many DeFi opportunities, users will be able to provide liquidity, trade derivatives, and yield farm, all while taking advantage of Arbitrum’s low-cost, high-speed transactions. The final piece to complete the Arbitrum ecosystem is its integration with Hop Protocol, allowing the instant transfer of funds back to Ethereum and other layer two protocols. 

Arbitrum launched for developers at the end of May, allowing interested projects to start equipping their applications for compatibility with Arbitrum’s optimistic rollups. Although Arbitrum has been slow to roll out the protocol for end-users, the team explained in a blog post that they want as many applications as possible ready to deploy to create a fair and equal launch, stating:

“To facilitate a fair launch and a robust ecosystem from inception, we will be opening Arbitrum for developers first, so that projects joining the initial cohort have time to set up the infrastructure and test.”

Arbitrum’s main competitor, Optimism, is taking a different approach, opening an alpha version of the protocol to end-users while onboarding projects. This method has led to controversy over the priority given to certain projects for onboarding. SushiSwap CTO Joseph Delong recently accused Optimism of giving preferential treatment to Uniswap due to the influence of venture capital investors. Optimism denies any preferential treatment, stating its reluctance to onboard SushiSwap was down to its commitment to building a secure system through rigorous testing. 

Both Arbitrum and Optimism are part of a larger effort to scale Ethereum, increasing transactions per second and reducing gas fees. Ethereum co-founder Vitalik Buterin has frequently commented that various scaling technologies such as optimistic rollups are likely to host the majority network activity in the near and mid-term future.

Disclaimer: At the time of writing this feature the author owned BTC and ETH. 

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Arbitrum Launch: Layer 2 Ethereum Unpacked

Scalability has been Ethereum’s biggest challenge as its popularity rises. One of the key Layer 2 solutions hoping to solve the issue, Arbitrum, has now launched for developers. The Road…

DODO Founder Discusses Onboarding Millions to Layer 2 Solutions

In an interview with Crypto Briefing, the founder and CEO of DODO exchange Lei Mingda talks Arbitrum, scaling Ethereum, Polygon, Binance Smart Chain, Three Arrows Capital, concentrated capital, and the…

SushiSwap Says Optimism Showed Favoritism to Uniswap During Layer 2 La…

SushiSwap CTO Joseph Delong has accused Optimism, a Layer 2 scaling project, of giving preferential treatment to Uniswap. SushiSwap CTO Speaks Out Against Optimism Sushiswap and Uniswap are two of…

Efficient Market Hypothesis: Does Crypto Follow?

The Efficient Market Hypothesis (EMH) is a concept in financial economics which states that security prices reflect all the available information about a financial instrument. EMH is one of the…



Source

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *