Earlier this week, @MorphoLabs on Base surpassed Aave on Arbitrum to become the largest lending instance by TVL on an Ethereum L2.
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eli
gm @arbitrum fam
𝗵𝘂𝗻𝘁𝗲𝗿
gm @arbitrum fam
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币世王
The Solana cross-chain bridge is so silky because !
Today, cross-chain is no longer a task for developers, but an interactive action that every one of us can't avoid. Especially as Solana becomes a hub for mainstream assets and dApps, how do we cross-chain to Solana from any chain in a secure, convenient, and low-cost way?
The answer is: @lifiprotocol + @jumperexchange !
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Unified APIs, Unified Future!
It's very simple and awesome! Use one API to aggregate all mainstream cross-chain bridges, DEXs, and intent protocols to do the smartest path matching and provide the smoothest user experience. At present, it has supported 30+ chains, 400+ projects, 30 million transactions, 22 billion US dollars in total trading volume, and has been integrated by Phantom, Binance Wallet, MetaMask, Robinhood and other top wallets, which is a veritable inter-chain super router!
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From EVM to Solana, it's just a hop!
Many users who want to transfer from the L2 of the EVM (such as Arbitrum, Base, Blast), or even heterogeneous chains such as Sui and BTC to Solana, will encounter the following pain points:
▪ The cost is high, the experience is poor, and the path is winding
▪ I don't know which bridge to choose, and the safety is in doubt
▪ After arriving at Solana, you have to go to the DEX to exchange tokens
With Jumper Exchange, which provides low-level support, it's as easy as using an app:
▪ Automatic selection of optimal bridge + DEX
It intelligently aggregates bridge protocols such as LayerZero, Wormhole, Axelar, and Hyperlane, and connects to Solana DEX aggregators such as Jupiter to calculate the optimal path.
▪ One-click redemption
For example, you have ETH on Arbitrum and your goal is to get USDC on Solana? Jumper will automatically complete cross-chain + swap, one step to complete.
▪ Zero Gas / Any Starting Asset
No matter what token you are holding in your hand, you can directly initiate cross-chain and exchange on which chain, and even gas can be reserved. It's painless for the end user and no maintenance for the dApp developer!
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Technological evolution
From aggregation to intent systems, with the rise of the intent model (where a third-party solver is responsible for optimal path execution), it is also constantly evolving:
▪ Introducing Catalyst
A permissionless intent protocol that supports any VM, any authentication method (including zk, oracles, messaging protocols)
▪ Launch of Glacis
Support cross-chain native asset standards such as LayerZero OFT, Wormhole NTT, Axelar ITS, etc., and mint/burn direct to improve efficiency and reduce costs
▪ Built-in Pioneer Solver
Support the launch of new chains in seconds, and quickly open up the liquidity path
Catalyst + Glacis + Pioneer = 2.0, a cross-chain and asset aggregation network that truly scales to thousands of chains!
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Solana, why do you need ?
For Solana, the solution is not whether there is a bridge or not, but:
How to let more users and more chains of liquidity come in without thresholds.
▪ Not just a bridge, but a bridge + DEX + intent road due to one
▪ It's not just a tool, it's a full-link solution of API + UI + widget
▪ It's not just about connecting to Solana, it's about making Solana easier to access
In short, it is a super channel to open up the Solana ecosystem and the multi-chain world, so that cross-chain Solana is silky and unimpeded!
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summary
. What is being done, not just cross-chain, is being built, is a composable, scalable, and sustainable inter-chain liquidity infrastructure:
▪ For the future, it is the unified entrance to Solana DeFi
▪ For developers, it's an integration and a lifetime benefit
▪ For the ecosystem, it is the connector between users and assets
The next time you say I want to go from a chain to Solana, don't ask which bridge to use, just open it and you've got everything ready for you!
@Solana_zh @DominikHell6 @arjunnchand @what_the_func
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Atomist
Step 1: Learn Rust
Step 2: Deploy on @arbitrum with Stylus
Nick Almond
You should probably learn Rust
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Tom Wan reposted
Entropy Advisors
.@Spiko_finance has reached $100M AUM on Arbitrum.
83% comes from their tokenized EU Money Market Fund, EUTBL; 17% comes from their tokenized US Treasury product, USTBL.
Huge congrats on the major milestone!
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Arbitrum price performance in USD
The current price of Arbitrum is $0.33980. Since 00:00 UTC, Arbitrum has decreased by -7.16%. It currently has a circulating supply of 4,861,797,072 ARB and a maximum supply of 10,000,000,000 ARB, giving it a fully diluted market cap of $1.65B. At present, Arbitrum holds the 42 position in market cap rankings. The Arbitrum/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Arbitrum has emerged as a leading Ethereum scaling solution, garnering significant attention even before its airdrop in March 2023. Its utility as a layer-two scaling solution for the Ethereum network has been pivotal in establishing its prominence within the broader cryptocurrency ecosystem.
What is Arbitrum?
Arbitrum is a Layer 2 blockchain protocol specifically developed to enhance the scalability of the Ethereum network. Arbitrum aims to increase transaction throughput on Ethereum by employing optimistic roll-ups while maintaining its security and decentralization. It provides a seamless migration path for developers to transition their applications from the Layer 1 Ethereum protocol to the Layer 2 Arbitrum protocol.
Offchain Labs created the protocol, and its Mainnet was launched in 2021. In March 2023, the Arbitrum Foundation introduced ARB as the native token of the Arbitrum ecosystem. This marked an important milestone in the project's evolution and further solidified its role in the crypto space.
The Arbitrum team
The Arbitrum team comprises Ed Felten, Steven Goldfeder, and Harry Kalodner, previously researchers at Princeton University. Ed Felten, a Professor of Computer Science, brings his expertise to the project, while Steven Goldfeder and Harry Kalodner hold Ph.D. degrees in Computer Science. Together, they form a skilled and knowledgeable team driving the development and innovation behind Arbitrum.
How does Arbitrum work?
The Arbitrum network utilizes optimistic roll-ups to scale the Ethereum network. While the Ethereum blockchain can handle only 15-30 transactions per second (TPS), roll-ups can increase transaction speed by up to 85 times.
Optimistic roll-ups aggregate transactions and process them off-chain in batches rather than individually on-chain. These transactions are then verified in batches and with reduced frequency on the blockchain.
To illustrate, think of optimistic roll-ups as grouping multiple transactions, similar to picking up all the items you need from a supermarket in one go rather than paying for each item separately.
In contrast, the traditional Ethereum network processes transactions one by one, like paying for each item individually at the store. Arbitrum's protocol, leveraging optimistic roll-ups, enables transactions to be rolled-up and processed in batches, thus enhancing scalability and efficiency.
ARB has a total supply of 10 billion tokens, with a circulating supply of 1.275 billion tokens. During the viral airdrop on March 23, 2023, the Arbitrum Foundation distributed 12.75% of the total ARB supply to users and DAOs.
Staking ARB tokens
ARB tokens can be staked on various decentralized exchanges (DEXs), allowing users to earn rewards from the fees generated by the liquidity pool. The longer the ARB tokens are staked or locked, the higher the potential rewards for the user.
Additionally, centralized exchanges (CEXs) like OKX provide staking services for ARB through their OKX Earn. Users can earn a flexible 1 percent annual percentage yield (APY) on their staked ARB tokens.
Arbitrum’s use cases
Arbitrum's use cases primarily revolve around its governance functionality. As the native governance token of the ecosystem, ARB is designed for voting on proposals and decisions within the Arbitrum network. Additionally, ARB can be staked to earn rewards and serve as a store of value for users within the ecosystem. It's important to note that ARB is not utilized as gas fees for transactions on the network
ARB Token distribution
The supply distribution of ARB is as follows:
Arbitrum DAO treasury: 42.78%
Offchain Labs teams and advisors: 26.94%
Investors: 17.53%
Airdrop to users: 11.62%
Airdrop to DAOs: 1.13%
Arbitrum’s future vision
Arbitrum's future vision is centered around achieving progressive decentralization. While the Arbitrum Foundation currently holds most of the decision-making power in the ecosystem, the goal is to transition towards a more decentralized governance model as the Arbitrum ecosystem expands and more web3 users engage with the network.
In the meantime, ARB token holders can actively participate in voting for improvement proposals, ensuring a level of community involvement.
Furthermore, Arbitrum has plans to launch a Layer 3 DApp shortly.
This layer-three solution, called Orbit, will allow developers to deploy programs using popular programming languages such as Rust and C++.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 5.9K new posts about Arbitrum, driven by 3.8K contributors, and total online engagement reached 1.3M social interactions. The sentiment score for Arbitrum currently stands at 88%. Compared to all cryptocurrencies, post volume for Arbitrum currently ranks at 1240. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Arbitrum.
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Posts
5,877
Contributors
3,843
Interactions
1,264,685
Sentiment
88%
Volume rank
#1240
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Posts
4,884
Interactions
1,204,758
Sentiment
88%
Arbitrum FAQ
Who are the founders of Arbitrum?
Offchain Labs, the creator of the Arbitrum protocol, was founded by Ed Felten, Steven Goldfeder, and Harry Kalodner. These founders bring extensive computer science and blockchain technology expertise accumulated through years of experience in the computer and tech industry. Their collective knowledge and innovative approach have been instrumental in the development and success of the Arbitrum project.
How does Arbitrum improve scalability?
Arbitrum improves scalability by implementing Optimistic Roll-ups, a technology that allows transactions to be processed off-chain. Transactions are bundled together and verified on-chain in batches, significantly increasing Ethereum's throughput. With Optimistic Roll-ups, Arbitrum has the potential to achieve transaction speeds of up to 4800 transactions per second (TPS), greatly enhancing the scalability of the Ethereum network.
How do I buy and store Arbitrum?
Easily buy ARB tokens on the OKX TR cryptocurrency platform. An available trading pair in the OKX TR spot trading terminal is ARB/USDT.
How much is 1 Arbitrum worth today?
Currently, one Arbitrum is worth $0.33980. For answers and insight into Arbitrum's price action, you're in the right place. Explore the latest Arbitrum charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Arbitrum, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Arbitrum have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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