You might have missed the $SOL, $AVAX and $MATIC season
but don't worry, keep reading π
#Arbitrum is a Layer 2 that is planning to a airdrop their token soon, here is what you need to know ππ½
Thread 1/24 π§΅
but don't worry, keep reading π
#Arbitrum is a Layer 2 that is planning to a airdrop their token soon, here is what you need to know ππ½
Thread 1/24 π§΅
Who created Arbitrum?
Developed by @OffchainLabs, a startup founded in 2018 by @hkalodner, @sgoldfed and @EdFelten
Developed by @OffchainLabs, a startup founded in 2018 by @hkalodner, @sgoldfed and @EdFelten
Funding π°
Offchain Labs raised $120 million in a Series A & B round, led by Lightspeed Venture Partners at an evaluation of $1.2B
Other participants included:
β’ Polychain Capital
β’ Ribbit Capital
β’ Redpoint Ventures
β’ Pantera Capital
β’ Alameda Research
β’ Mark Cuban
Offchain Labs raised $120 million in a Series A & B round, led by Lightspeed Venture Partners at an evaluation of $1.2B
Other participants included:
β’ Polychain Capital
β’ Ribbit Capital
β’ Redpoint Ventures
β’ Pantera Capital
β’ Alameda Research
β’ Mark Cuban
With an evaluation of $1.2B this is one of the lowest valued infrastructure projects that are yet to launch - making it especially attractive to retail.
Arbitrum has more TVL than $SOL, $OP and $FTM
Arbitrum has more TVL than $SOL, $OP and $FTM
TVL has been maintained and is stable when compared to other chains, mostly due to $GMX
I think there will be some decent opportunities to trade $ARBI on market once it launches of course depending on tokenomics and the eval it launches at.
I think there will be some decent opportunities to trade $ARBI on market once it launches of course depending on tokenomics and the eval it launches at.
The technology π’
Arbitrum is an Ethereum layer 2 scaling solution that facilitates low-cost smart contracts with high throughput in a secure and trust-less manner.
Arbitrum is an Ethereum layer 2 scaling solution that facilitates low-cost smart contracts with high throughput in a secure and trust-less manner.
What is a layer 2?
Layer 2 solutions are a layer on top of the Ethereum blockchain (layer 1) to help reduce network congestions and transaction gas fees.
Think of it as a separate blockchain that extends Ethereum.
ethereum.org
Layer 2 solutions are a layer on top of the Ethereum blockchain (layer 1) to help reduce network congestions and transaction gas fees.
Think of it as a separate blockchain that extends Ethereum.
ethereum.org
Arbitrum uses the Optimistic rollup protocol.
Rollups have become one of the go-to scaling solutions for smart contract-based blockchain applications.
By using rollups, users can reduce gas fees by up to 100x compared to layer 1.
ethereum.org
Rollups have become one of the go-to scaling solutions for smart contract-based blockchain applications.
By using rollups, users can reduce gas fees by up to 100x compared to layer 1.
ethereum.org
This is because they save computational resources and storage by βrolling upβ several pieces of data relating to the execution of smart contracts into a single cryptographically hashed transaction.
There are various types of rollup protocols created to scale the Ethereum network.
The current king measured by TVL is @arbitrum π
Holding onto 51% of the market share with a TVL of $2.37B. and with 127 active protocols.
The current king measured by TVL is @arbitrum π
Holding onto 51% of the market share with a TVL of $2.37B. and with 127 active protocols.
This is all happening without an Arbitrum native token eschewed.
Arbitrum costs are minuscule compared to the native Ethereum gas fees.
The transaction fees are paid for in ETH, with fees covering the cost of posting calldata on Ethereum and the cost of operations.
Arbitrum costs are minuscule compared to the native Ethereum gas fees.
The transaction fees are paid for in ETH, with fees covering the cost of posting calldata on Ethereum and the cost of operations.
Moreover, the high throughput of Arbitrum One means transactions are confirmed much faster too.
Ecosystem
Arbitrum has done an amazing job at onboarding both new project but also the giants from the Ethereum ecosystem we all know.
Projects such as:
β’ @Uniswap
β’ @CurveFinance
β’ @SushiSwap
β’ @opensea
Arbitrum has done an amazing job at onboarding both new project but also the giants from the Ethereum ecosystem we all know.
Projects such as:
β’ @Uniswap
β’ @CurveFinance
β’ @SushiSwap
β’ @opensea
They have also done a good job onboarding DeFi protocols
coingecko.com
coingecko.com
Airdrop rumors: $ARBI (unconfirmed ticker) airdropped to active users of the chain and active protocols. There will likely be some $ARBI tokens allocated for leading projects on the chain too (reason why so many teams started building on arbitrum?)
Roadmap
The Arbitrum Beta Mainnet launched in May 2021, followed by the mainnet launch in August 2021.
Sticking with the true nature of blockchain the mainnet is permissionless and open-source.
The Arbitrum Beta Mainnet launched in May 2021, followed by the mainnet launch in August 2021.
Sticking with the true nature of blockchain the mainnet is permissionless and open-source.
This means anyone can create a decentralised application on Arbitrum without any gatekeepers or pay-walls.
Given that Arbitrium is still a new cutting edge and complex system, the founders want to maintain control over the chain while its still in its infancy.
Given that Arbitrium is still a new cutting edge and complex system, the founders want to maintain control over the chain while its still in its infancy.
Control such as pausing the system, validator whitelisting, contract upgradability, etc.
But the end goal is to slowly phase out their control over the network and then eventually eliminate it entirely, so Arbitrum can become fully decentralised.
But the end goal is to slowly phase out their control over the network and then eventually eliminate it entirely, so Arbitrum can become fully decentralised.
Accounts to follow in the Arbitrum ecosystem:
β’ @Arbitrum β’ @andrewsaunders
β’ @OffchainLabs β’ @SizeChad
β’ @ArbitrumDevs β’ @EdFelten
β’ @PlasmaPower0 β’ @Arbitrum_Space
β’ @ArbitrumNewsDAO
β’ @Arbitrum β’ @andrewsaunders
β’ @OffchainLabs β’ @SizeChad
β’ @ArbitrumDevs β’ @EdFelten
β’ @PlasmaPower0 β’ @Arbitrum_Space
β’ @ArbitrumNewsDAO
Useful websites about Arbitrum & layer 2:
β’ offchainlabs.com
β’ offchain.medium.com
β’ developer.offchainlabs.com
β’ portal.arbitrum.one
β’ l2-fees.vercel.app
β’ l2beat.com
β’ offchainlabs.com
β’ offchain.medium.com
β’ developer.offchainlabs.com
β’ portal.arbitrum.one
β’ l2-fees.vercel.app
β’ l2beat.com
offchainlabs.com
l2beat.com/scaling/tvl/
L2BEAT β The state of the layer two ecosystem
L2BEAT is an analytics and research website about Ethereum layer 2 scaling. Here you will find in de...
developer.offchainlabs.com
Arbitrum Docs!
Arbitrum Documentation Center
l2-fees.vercel.app
offchain.medium.com
Offchain Labs β Medium
Read writing from Offchain Labs on Medium. Weβre Building Arbitrum, a scaling solution for Ethereum....
portal.arbitrum.one
Arbitrum Portal - Your Gateway Into the Arbitrum Ecosystem
Welcome to the Arbitrum Portal, your gateway into the Arbitrum ecosystem. Explore the dapps, wallets...
Summary
Keep an eye on Arbitrum, the airdrop and their token launch. I think this is the most retail friendly infrastructure project out of all the recently funded ones given then lowest val.
Keep an eye on Arbitrum, the airdrop and their token launch. I think this is the most retail friendly infrastructure project out of all the recently funded ones given then lowest val.
I would recommend keeping some funds/stablecoins on arbitrum to quickly ape into the alts there on airdrop announcment.
It's likely that they all will pump 25%+ on airdrop and token launch announcment.
It's likely that they all will pump 25%+ on airdrop and token launch announcment.
NOTE: Keep in mind that if you are going to take your funds out of Arbitrum using their official bridge it will take you 7 days.
Other bridges have a slippage - which is annoying asf
Other bridges have a slippage - which is annoying asf
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