Abitrum ecosystem has seen steadily grow over the last few months.
It's no surprise it may be one of the leading ecosystems in 2023
Here's a list of unheard #altcoins building on arbitrum you should be early to 🧵↓
What I'll be covering:
• What is Arbitrum
• how it works
• Arbitrum protocols to keep an eye on
If you have been in crypto for some time now you probably know that layer 2's have become the talk of the town.
It's clear #arbitrum is in the lead and the data speaks for itself.
After launching its mainnet last year, #arbitrum has seen success as an $ETH layer-2 solution.
It has focused on providing investors with a cheap, fast and scalable network, elements that Ethereum is still struggling with despite its Merge upgrade in September 2022.
#Arbitrum is a layer-2 functionality, developed by the New York-based company Offchain Labs.
It seeks to solve the congestion that the #ETH has been experiencing by improving how smart contracts are validated.
Now let's do a deep dive into its ecosystem and potential #altcoins you should keep an eye on 👇
$Vela - @vela_exchange
$Vela is a decentralized exchange with advanced perpetuals trading capabilities, community-focused incentives, and scalable infrastructure.
Recently got reach 1 billion in trading volume. So much progress since the project launched on #arbitrum twitter.com/1373665408193036293/status/1622678705490300932
@vela_exchange $ROSN - @RoseonExchange
Roseon is the entire ecosystem covering our developments in simplifying our users' crypto journey. We are a one-stop solution for all our customers’ crypto needs.
WonderApp, previously rebraned to Roseon App, is accessible via mobile (Android or iOS) twitter.com/1248179109605203968/status/1625434682312753152
@vela_exchange @RoseonExchange $MAGIC - @Treasure_DAO
Treasure is the decentralized gaming ecosystem connecting games and players through $MAGIC. twitter.com/1433302892128133123/status/1616558704299761664
@FinanceLiquid There is the likelihood that Liquid Finance’s Frax-style ETH-pegged token lqEth could move to an unmountable distance, playing the Real Yield narrative that is pioneered by the rest of the #arbitrum ecosystem.
@FinanceLiquid Having a novel product, their market cap at $1.5m seems quite low. so It's something to look into while its still very early twitter.com/1549309651883270144/status/1627054089933824001
@FinanceLiquid @CapDotFinance has been saved from the brink after their lead development left. It has a perpetual protocol competes with Mycelium and GMX, ranking it among the top protocols. twitter.com/1269288420553170944/status/1628824345102503937
@FinanceLiquid @CapDotFinance @CamelotDEX is an innovative and highly flexible DEX built to support the Arbitrum ecosystem. Community-driven and capital efficient. twitter.com/1452984524669870094/status/1609239981033410562
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Frens share alpha🐸 -> t.me/+CuGQgufhkk0xYjU8
Thank you for reading this far. I hope you've found this thread helpful.
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