Support Youth HIV/AIDS awareness with this NFT drop . 100% of proceeds go to the cause!
Dear Bankless Nation,
Last September we published the Essential Guide to Arbitrum —one of Ethereum’s leading scaling solutions that had just launched on mainnet.
It was new and exciting, but at the time, there wasn’t really much to do. You could bridge over and use some of the leading DEXs like Uniswap, Balancer, and Sushi. That was it.
It was early.
Fast forward to today, and the ecosystem has grown rapidly. There’s now over $6B in value locked across all Layer 2s, and Arbitrum represents over $4B of it—over 60% market share!
The network is also steadily approaching 1M unique addresses ( still early!!) There’s more liquidity, more infrastructure, and more opportunities. Less than 9 months later and there’s now a vibrant ecosystem of applications on Arbitrum.
Low fees. More opportunities.
So today we’re revisiting the best opportunities on Arbitrum.
I wonder—could this make you eligible for an airdrop someday ? �
Let’s go.
– RSA
P.S. Don’t miss our Alpha Report ! We dropped � token ratings for BAL, SUSHI, MKR, TRIBE, and FXS. Premium subs can tap in now. Need access? Go premium. Tactic Tuesday
Arbitrum One is currently the most popular layer 2 scaling solution for Ethereum, offering a range of L2 adventures and the best liquidity – at least for now.
This Bankless tactic covers a handful of the hottest Arbitrum opportunities you can consider trying today! Goal : Explore cool Arbitrum projects
Skill : Intermediate
Effort : 1 hour
ROI : Up to 60% APR at current rates
The state of Arbitrum Image via L2BEAT Per L2BEAT , there’s currently $6.7B worth of total value locked (TVL) across all of Ethereum’s most advanced scaling solutions. Accordingly, Arbitrum’s nearly $4B TVL at the moment means the scaling solution currently accounts for over 50% of the market share.While the size of Arbitrum’s user base is still dwarfed by the size of Ethereum’s, the Nansen Arbitrum dashboard indicates that the upstart L2 hosted an impressive ~150k unique active addresses over the last month and hosted nearly 50M addresses since its inception. For comparison, the Optimism L2 hosted ~40k addresses on the month and over 24M addresses to date. Tap into Nansen for more elite analytics With regard to the L2’s roadmap, the creators of the scaling solution recently announced AnyTrust Chains , which will operate along Arbitrum and offer ultra low-cost transactions, and the nearing of Arbitrum Nitro , which will optimize the L2’s network and drastically lower its transaction fees even further. Arbitrum Starter Pack Here are some resources you can use to help you more easily navigate the Arbitrum ecosystem. Essential Tools: Arbiscan : Block explorer for analyzing Arbitrum transactions. Arbitrum Bridge : Official bridge for ETH and ERC20 token transfers between Arbitrum and Ethereum. You can also use Hop Protocol as a faster bridge! Arbitrum One Portal: Application scanner to keep up to date with new DeFi and NFT projects. Chainlist : Tool to add the Arbitrum network to your MetaMask wallet. 5 � opportunities on Arbitrum right now Below, I’ve curated a handful of what I consider to be the most compelling opportunities for adventurers on Arbitrum at the moment. 1. Get exposure to blue-chip NFTs via NFTI Image via Scalara What you need to know In Feb. 2022, Scalara ( previously Pulse Inc. ) revealed the methodology for the Scalara NFT Index , or NFTI. Within a matter of days, someone used the methodology to launch the index through the index-tracking protocol Kuiper. NFTI offers potential returns on the floor price performances of top NFT collections. Specifically, the index serves as an automated, weighted basket of xTokens from NFT liquidity protocol NFTX . In addition, NFTX’s inventory staking program provides NFTI holders with additional yields unrelated to price performances. Initially, NFTI tracks the CryptoPunks, CrypToadz, Chromie Squiggles, Cool Cats, Doodles, Meebits, and World of Women collections. Investors can now use a single ERC20 to get exposure to these blue-chip NFT projects on any budget. In comparison, investing in these collections by simultaneously paying their full floor prices would amount to hundreds of ETH right now. Previously, the vast majority of blue-chip NFT liquidity has been siloed on Ethereum, so NFTI’s arrival on Arbitrum makes it possible to enjoy fast and inexpensive L2 transactions around some of the biggest NFT projects for the first time ever. How […]
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