Arbitrum, Optimism, StarkNet and zkSync are the current “big four” Layer 2 (L2) extension solutions.
L2 is expected to see an influx of projects and users in the coming months and years. As we know from the past few years in the crypto economy, new tokens of all kinds will soon emerge where the activity is happening.
In April 2022, Optimism became the first of the four major L2s to launch a native token OP and associated airdrop program, except for zkSync, which outright “confirmed” that it will launch a token program soon.
What is Arbitrum in the first place? The potential projects of its platform are shared later.
When you think of ethereum, the first thing that comes to your mind is definitely its fees. Despite all the great things Ether does, its biggest drawback is its high fees. While paying fees is not a bad thing in itself, high fees can become especially prohibitive for small retail investors. In fact, the high cost of ethereum is one of the main reasons driving the explosive growth of other alternative L1 (Layer 1) blockchain networks in 2021.
During the testing of Arbitrum, Arbitrum’s performance was further confirmed by
Arbitrum’s transaction costs dropped even further, well below other public chains.
Arbitrum is able to accommodate more transaction volumes, improving the user experience and enabling it to meet more industry needs.
Arbitrum’s compatibility tools enable better interaction between public chains and technologies.
As a result, some in the industry believe that Arbitrum and other scalability solutions will continue to grow. For Arbitrum, the long development phase has given the solution a very pure technical roadmap, and Arbitrum’s potential is further validated.
Airdrops worth ambushing 12 Arbitrum dApps that still haven’t issued coins
There are a handful of dapps that already offer Arbitrum support but have not yet released tokens. I don’t know if/when the following projects will announce their token strategies or if these strategies will be Arbitrum-centric, but you might consider interacting with them on this L2 in the near future, in case there are indeed airdrops.
Across – an L1-L2 bridge protocol: https://across.to/
Risk Harbor – a web3 risk management marketplace: https://www.riskharbor.com/
Cozy Finance – a DeFi deposit protection protocol: https://www.cozy.finance/
Zapper – a web3 asset management platform: https://zapper.fi/dashboard
Zerion – a popular web3 asset management platform: https://zerion.io/
Slingshot – an L2 decentralized exchange: https://app.slingshot.finance/
Gnosis Safe – a solution for multi-signature transactions (note: more info here): https://guardians.gnosis-safe.io/
Hashflow – a cross-chain exchange protocol (note: more info here): https://app.hashflow.com/
Volmex – a protocol for creating implied volatility derivatives (warning: not available for US users): https://app.volmex.finance/mint
Orbiter Finance – a cross-summary bridging protocol (warning: its TVL is small): https://www.orbiter.finance/
Preddy Finance – protocol for derivatives vaults (warning: its TVL is small): https://www.predy.finance/
Twister Cash – Tornado Cash fork designed for hybrid FRAX (warning: recommended for advanced users): https://twistercash.xyz/
Arbitrum as an infrastructure, although not in a subjective way to match the layout of NFT and Gamefi, but what must be considered is the degree of demand for infrastructure in new areas. Not only NFT, DeFi, chain tour, the future will certainly appear a variety of new concepts, phenomenal applications.
In short, the high cost of gas is really just the tip of the iceberg. Ethernet has been facing the problem of scaling since its inception, and numerous scaling solutions are currently in place to solve this problem. Among them, Arbitrum rollups are not only the largest Ethernet Layer 2 network at present, but also likely to dominate the scaling solutions in the coming years .