⛓️ STATE OF THE CHAINS ⛓️
The @arbitrum ecosystem had a meteoric rise so far
How can you take advantage and find the next 100x?
A megathread on the state of Arbitrum, my top 5 favourite protocols (and my top 5 unlaunched alpha protocols)
🧵👇
The @arbitrum ecosystem had a meteoric rise so far
How can you take advantage and find the next 100x?
A megathread on the state of Arbitrum, my top 5 favourite protocols (and my top 5 unlaunched alpha protocols)
🧵👇
1/32
Introducing a new series of threads where i'll look at the state of different blockchains
In this thread I'll go through
1️⃣ What is Arbitrum
2️⃣ Arbitrum in numbers
3️⃣ Arbitrum development
4️⃣ Top 5 protocols
5️⃣ Top 5 unlaunched alpha protocols
6️⃣ Who to follow for alpha
Introducing a new series of threads where i'll look at the state of different blockchains
In this thread I'll go through
1️⃣ What is Arbitrum
2️⃣ Arbitrum in numbers
3️⃣ Arbitrum development
4️⃣ Top 5 protocols
5️⃣ Top 5 unlaunched alpha protocols
6️⃣ Who to follow for alpha
2/32
1️⃣ What is Arbitrum?
Arbitrum is an Optimistic Rollup Layer 2 scaling solution built on top of Ethereum
It scales Ethereum by executing transactions off-chain and bundling them up and submitting them to Mainnet in a single transaction.
1️⃣ What is Arbitrum?
Arbitrum is an Optimistic Rollup Layer 2 scaling solution built on top of Ethereum
It scales Ethereum by executing transactions off-chain and bundling them up and submitting them to Mainnet in a single transaction.
3/32
This allows for lightning fast transactions at low costs, removing the transaction fee barrier, making it affordable to anyone
A fully decentralized L2 would derive its security from Ethereum.
This allows for lightning fast transactions at low costs, removing the transaction fee barrier, making it affordable to anyone
A fully decentralized L2 would derive its security from Ethereum.
4/32
Arbitrum is the largest Layer 2 blockchain by a good margin, and its ecosystem have seen an extreme growth in the last 6 months with new protocols popping up almost daily
Arbitrum is the largest Layer 2 blockchain by a good margin, and its ecosystem have seen an extreme growth in the last 6 months with new protocols popping up almost daily
5/32
What i'm most excited about in Arbitrum is the innovation and composability seen with protocols building on top of other protocols
The gigabrains litterally cannot stop stacking defi legos on top of eachother
What i'm most excited about in Arbitrum is the innovation and composability seen with protocols building on top of other protocols
The gigabrains litterally cannot stop stacking defi legos on top of eachother
6/32
Another interesting aspect is that we see new and innovative protocols launching directly on an L2, whereas last cycle they always launched on ETH mainnet, and were forked to other chains.
The importance of this should not be underestimated...
Another interesting aspect is that we see new and innovative protocols launching directly on an L2, whereas last cycle they always launched on ETH mainnet, and were forked to other chains.
The importance of this should not be underestimated...
7/32
Imo there is no reason a novel protocol on a L2 shouldn't be valued similarly to competing protocols from ETH Mainnet last bullrun, at peak of next bullrun (if it ever comes..)
There are some LEGIT 100x possibilities on Arbitrum (NFA obviously)
Also.. wen $ARB airdrop
Imo there is no reason a novel protocol on a L2 shouldn't be valued similarly to competing protocols from ETH Mainnet last bullrun, at peak of next bullrun (if it ever comes..)
There are some LEGIT 100x possibilities on Arbitrum (NFA obviously)
Also.. wen $ARB airdrop
8/32
2️⃣ Arbitrum in numbers
✅️ TVL
Arbitrums TVL is currently $1.45 bn according to @DefiLlama making it the largest L2 by quite a big margin
2️⃣ Arbitrum in numbers
✅️ TVL
Arbitrums TVL is currently $1.45 bn according to @DefiLlama making it the largest L2 by quite a big margin
9/32
✅️ Daily transactions
The daily transaction count have been rising rapidly, bypassing Optimism and the trend doesnt look like it will stop
Currently it has 615k daily TXs
✅️ Daily transactions
The daily transaction count have been rising rapidly, bypassing Optimism and the trend doesnt look like it will stop
Currently it has 615k daily TXs
10/32
✅️ Volume
Arbitrum have consistently been in the top 3 chains on Volume in the last months
With 24 hour volume at $1.13b and 7day volume at $3.32b
✅️ Volume
Arbitrum have consistently been in the top 3 chains on Volume in the last months
With 24 hour volume at $1.13b and 7day volume at $3.32b
11/32
✅️ Protocols
An ever increasing amount of protocols are deploying to Arbitrum
According to @DefiLlama there are 230 tracked protocols on Arbitrum, soon rivaling L1s from last bullmarket like Fantom and Avalanche
✅️ Protocols
An ever increasing amount of protocols are deploying to Arbitrum
According to @DefiLlama there are 230 tracked protocols on Arbitrum, soon rivaling L1s from last bullmarket like Fantom and Avalanche
12/32
3️⃣ Arbitrum development
✅️ Arbitrum Nitro
Released in September 2022, the long awaited upgrade to Arbitrum came.
Major improvements in increased throughput, lower fees and introducing a next generation rollup architecture.
A 10x performance boost 👀
3️⃣ Arbitrum development
✅️ Arbitrum Nitro
Released in September 2022, the long awaited upgrade to Arbitrum came.
Major improvements in increased throughput, lower fees and introducing a next generation rollup architecture.
A 10x performance boost 👀
13/32
✅️ Decentralization
The goal is to make Arbitrum fully decentralized and for it to derive its security from Ethereum Mainnet
To do this it needs to achieve 3 things
Decentralization of sequencer, validators and the admin or owners of the protocol contracts themselves
✅️ Decentralization
The goal is to make Arbitrum fully decentralized and for it to derive its security from Ethereum Mainnet
To do this it needs to achieve 3 things
Decentralization of sequencer, validators and the admin or owners of the protocol contracts themselves
14/32
Validators (validating the state of Arbitrum) are still permissioned but are run by some of the most trusted companies in crypto
ConsenSys
Ethereum Foundation
L2BEAT
Mycelium
Offchain Labs
P2P
Quicknode
Distributed Ledgers Research Centre (DLRC)
Unit 410
Validators (validating the state of Arbitrum) are still permissioned but are run by some of the most trusted companies in crypto
ConsenSys
Ethereum Foundation
L2BEAT
Mycelium
Offchain Labs
P2P
Quicknode
Distributed Ledgers Research Centre (DLRC)
Unit 410
15/32
Decentralization of L2s is a long and complex process but i'm happy to see Arbitrum working against that goal
Decentralization of L2s is a long and complex process but i'm happy to see Arbitrum working against that goal
16/32
✅️ Stylus
Stylus is a next-gen programming environment upgrade.
It will allow devs to write programs in Rust, C, C++ to run alongside solidity code on Arbitrum
✅️ Stylus
Stylus is a next-gen programming environment upgrade.
It will allow devs to write programs in Rust, C, C++ to run alongside solidity code on Arbitrum
17/32
It will be over an order-of-magnitude faster, slash fees, and be fully interoperable with the Ethereum Virtual Machine.
Arbitrum already have working Fraud Proofs, and with Stylus comes a revolution in EVM compability with EVM+
Wen Stylus? 2023
It will be over an order-of-magnitude faster, slash fees, and be fully interoperable with the Ethereum Virtual Machine.
Arbitrum already have working Fraud Proofs, and with Stylus comes a revolution in EVM compability with EVM+
Wen Stylus? 2023
18/32
4️⃣ Top 5 protocols
Here are 5 protocols i view as Arbitrum blue chips, because of the traction they have gained, or the innovation they bring.
I love betting on gigabrain teams ...NFA
4️⃣ Top 5 protocols
Here are 5 protocols i view as Arbitrum blue chips, because of the traction they have gained, or the innovation they bring.
I love betting on gigabrain teams ...NFA
19/32
✅️ Radiant
$RDNT @RDNTCapital
An omnichain moneymarket built on LayerZero tech.
Real yield to stakers
Arbitrums largest lending/borrowing protocol, soon going multichain with v2, which also includes a new defi primitive Dynamic Liquidity
✅️ Radiant
$RDNT @RDNTCapital
An omnichain moneymarket built on LayerZero tech.
Real yield to stakers
Arbitrums largest lending/borrowing protocol, soon going multichain with v2, which also includes a new defi primitive Dynamic Liquidity
https://twitter.com/Slappjakke/status/1615933090756702208
20/32
✅️ GMX
$GMX @GMX_IO
A decentralized perpetual leverage trading exchange (perp dex) with innovative tokenomics.
Based on GLP liquidity pool but will soon introduce synthetic assets.
The godfather of Real Yield, high fees and the main building block of Arbitrum defi
✅️ GMX
$GMX @GMX_IO
A decentralized perpetual leverage trading exchange (perp dex) with innovative tokenomics.
Based on GLP liquidity pool but will soon introduce synthetic assets.
The godfather of Real Yield, high fees and the main building block of Arbitrum defi
https://twitter.com/Slappjakke/status/1598554046062698496
21/32
✅️ Dopex
$DPX $rDPX @dopex_io
An OG decentralized options protocol.
Gigabrain innovators and master shitposters
Innovating with
-Decentralized Options Vaults + AMM
-Their Atlantics products (borrow collateral for capital efficiency)
-Synthetic assets with rDPX v2
✅️ Dopex
$DPX $rDPX @dopex_io
An OG decentralized options protocol.
Gigabrain innovators and master shitposters
Innovating with
-Decentralized Options Vaults + AMM
-Their Atlantics products (borrow collateral for capital efficiency)
-Synthetic assets with rDPX v2
https://twitter.com/Slappjakke/status/1596851952075165696
22/32
✅️ DAO Jones
$JONES @JonesDAO_io
Started off building Options strategies on top of Dopex.
Evolved into boosted LP farms with Metavaults
And Delta Maximal jGLP and real yield jUSDC vaults
This is a bet on innovation and gigabrains
✅️ DAO Jones
$JONES @JonesDAO_io
Started off building Options strategies on top of Dopex.
Evolved into boosted LP farms with Metavaults
And Delta Maximal jGLP and real yield jUSDC vaults
This is a bet on innovation and gigabrains
https://twitter.com/Slappjakke/status/1619681345760006151
23/32
✅️ Magic
$MAGIC @Treasure_DAO
One of the real OG gamefi and metaverse projects on Arbitrum
Creating multiple games and NFT collections, while having the $MAGIC token as the focal point of the whole ecosystem
✅️ Magic
$MAGIC @Treasure_DAO
One of the real OG gamefi and metaverse projects on Arbitrum
Creating multiple games and NFT collections, while having the $MAGIC token as the focal point of the whole ecosystem
https://twitter.com/DeFiMinty/status/1615755226337755136
24/32
5️⃣ Top 5 unlaunched alpha protocols
5 upcoming Arbitrum protocols that i'm very interested in and think have potential to become blue chips in the future
5️⃣ Top 5 unlaunched alpha protocols
5 upcoming Arbitrum protocols that i'm very interested in and think have potential to become blue chips in the future
25/32
✅️ GammaSwap
$GS @GammaSwapLabs
GammaSwap is an Oracle Free Decentralized Platform for Volatility Trading and Commission Free Token Trading
You can go long gamma by borrowing LP tokens to short them to make the LPs Impermanent Loss into your Impermanent Gain
✅️ GammaSwap
$GS @GammaSwapLabs
GammaSwap is an Oracle Free Decentralized Platform for Volatility Trading and Commission Free Token Trading
You can go long gamma by borrowing LP tokens to short them to make the LPs Impermanent Loss into your Impermanent Gain
https://twitter.com/Slappjakke/status/1614644198212505605
26/32
✅️ Smilee Finance
$SMILEE @SmileeFinance
Smilee is building primitives for DVPs (Decentralized Volatility Products)
They are focusing on long/short gamma (volatility) via Real Yield or Impermanent Gain vaults.
Taking a synthetic approach to volatility markets
✅️ Smilee Finance
$SMILEE @SmileeFinance
Smilee is building primitives for DVPs (Decentralized Volatility Products)
They are focusing on long/short gamma (volatility) via Real Yield or Impermanent Gain vaults.
Taking a synthetic approach to volatility markets
https://twitter.com/Slappjakke/status/1615618171398160384
27/32
✅️ Dolomite
@Dolomite_io
A next gen margin trading- and lending protocol on Arbitrum
Dolomite combines the strengths of a DEX and a lending protocol into a highly capital efficient and modular defi protocol
Softlaunched already, thread coming soooon 😉
✅️ Dolomite
@Dolomite_io
A next gen margin trading- and lending protocol on Arbitrum
Dolomite combines the strengths of a DEX and a lending protocol into a highly capital efficient and modular defi protocol
Softlaunched already, thread coming soooon 😉
28/32
✅️ Orbital
$ORB @orbitaldex
An Arbitrum native dex created by the gigabrains behind @dopex_io and @PlutusDAO_io
Options as defi infrastructure and possibility to LP with borrowed assets and no asset price exposure (only risk the IL)
✅️ Orbital
$ORB @orbitaldex
An Arbitrum native dex created by the gigabrains behind @dopex_io and @PlutusDAO_io
Options as defi infrastructure and possibility to LP with borrowed assets and no asset price exposure (only risk the IL)
https://twitter.com/Slappjakke/status/1630172620883673088
29/32
✅️ Tapioca DAO
$TAP @tapioca_dao
Tapioca DAO is a project that is focused on building omni-chain DeFi products, from lending markets to token wrappers.
Tapioca is built on top of Layer Zero technology, allowing them to access most EVM chains with non-EVM coming later
✅️ Tapioca DAO
$TAP @tapioca_dao
Tapioca DAO is a project that is focused on building omni-chain DeFi products, from lending markets to token wrappers.
Tapioca is built on top of Layer Zero technology, allowing them to access most EVM chains with non-EVM coming later
https://twitter.com/kindahangry/status/1586281757711572993
30/32
🚨 Disclaimer
None of this is financial advice, this is purely for educational purposes.
Just because i mention a protocol here does not mean that right now is a good entry or that i hold the asset
🚨 Disclaimer
None of this is financial advice, this is purely for educational purposes.
Just because i mention a protocol here does not mean that right now is a good entry or that i hold the asset
31/32
6️⃣ Who to follow for the Arbitrum alpha
@LouisCooper_
@CryptoKaduna
@ChadCaff
@WinterSoldierxz
@defi_mochi
@Route2FI
@ThorHartvigsen
@Chinchillah_
@0xFlips
@DeFiMinty
@SmallCapScience
@rektdiomedes
@kindahangry
@Louround_
@Slappjakke
@0xTindorr
@TheDeFISaint
@DAdvisoor
6️⃣ Who to follow for the Arbitrum alpha
@LouisCooper_
@CryptoKaduna
@ChadCaff
@WinterSoldierxz
@defi_mochi
@Route2FI
@ThorHartvigsen
@Chinchillah_
@0xFlips
@DeFiMinty
@SmallCapScience
@rektdiomedes
@kindahangry
@Louround_
@Slappjakke
@0xTindorr
@TheDeFISaint
@DAdvisoor
32/32
Thats a wrap
Follow me @Slappjakke for more alpha and more chain deepdives
Comment your favourite Arbitrum protocol below so I can take a look at it
Like and Retweet the first tweet below if you enjoyed this thread so others can see
Thats a wrap
Follow me @Slappjakke for more alpha and more chain deepdives
Comment your favourite Arbitrum protocol below so I can take a look at it
Like and Retweet the first tweet below if you enjoyed this thread so others can see
https://twitter.com/Slappjakke/status/1634931752308441088
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