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Executive Summary: Within roughly a year, Arbitrum has gone from a startup to the most popular Ethereum scaling solution by Total Value Locked (TVL).

Many of the most popular decentralized applications (dapps) have been built on the platform to benefit from its fast speed, low cost, and security.

It is currently by far the biggest Ethereum L2 solution, with over 300 protocols and $2 billion in TVL, and a popular token (ARB).

With that said, the L2 space is rapidly evolving, with innovative solutions like zero-knowledge EVM-compatible rollups recently entering the space. If you think L2s are the future, ARB is the one to watch and you might consider investing in the tokens of these top projects, as well.

Ethereum is an incredible invention; its also slow and expensive. This has created an opportunity for developers to build Layer-2 (L2) projects like Arbitrum, that sit on top of Ethereum (the Layer-1) and make it more efficient.

This layering allows the L2 to inherit the security of the L1, therefore ensuring security is not compromised to achieve faster speeds. L2 solutions like Arbitrum and Optimism dont have their own consensus mechanism, as they inherit Ethereums Proof of Stake: this is the main difference between L2s and sidechain solutions like Polygon POS.

Note that the comparison is referring to Polygons sidechain solution and not its new scaling solution based on zero knowledge (Polygon zkEVM)

Arbitrum is the most popular L2 solution today, having seen tremendous growth since its launch, and even more growth after the launch of its token (ARB).

Arbitrums mainnet went live in late 2021, and instantly hit the ground running. Within a year, Arbitrum dethroned Polygon to become the leading Ethereum scaling solution by TVL. As of writing, the L2 has over $2.15 billion in TVL (4th overall), double that of Polygon.

Arbitrum uses rollup technology to reduce the congestion on Ethereum. As the name suggests, it basically involves rolling up transactions into batches, validating them on Arbitrum, and sending them back to Ethereum as one transaction. So Ethereum processes the batch as a single transaction instead of validating each transaction within the batch.

Arbitrum uses optimistic rollups, so named because they optimistically assume that the transactions executed off-chain are valid, hence no need to submit their proofs on-chain.

Instead, optimistic rollups employ a dispute security system that gives a time window to allow any verifier to challenge the results of a rollup transaction. If someone challenges the results, by submitting fraud proofs, during this dispute time window (at least 7 days) and it is indeed found to be faulty, the party responsible for the results is penalized and transactions are re-executed.

Arbitrums optimistic rollups differ from the other type of rollup technology known as zero knowledge or zk-rollups, which use zero knowledge cryptographic techniques that guarantee hat the transactions in the batch are valid. Optimistic rollups are preferred to zk-rollups due to their EVM compatibility.

td>$69,000,000.005.0

Type of dapp: DEX

BMJ Score: 5.0

Uniswap launched in late 2018 as a DEX to facilitate the trading of ERC-20 tokens and became one of the first dapps to gain significant traction in DeFi. It also ushered in the era of Automated Market Maker (AMM) DEXs, a model that incentivized users to become liquidity providers. Two years later, Uniswap launched v2, the improved version, and then launched v3 in August 2022 on Arbitrum. It has since been among the most popular dapps on the L2 solution. This version of Uniswap introduced the concept of concentrated liquidity whereby users can set a certain price range where they provide liquidity.

Type of dapp: Lending and Borrowing

BMJ Score: 4.0

Launched in 2017, Aave is one of the major players in the world of DeFi, created to allow users to lend and borrow cryptocurrencies without any intermediary. Aave v3 launched on Arbitrum in March 2022 as the third version of the protocol, with the new updates focused on security, more yield for users, and even cross-chain support. The platforms native token $AAVE is a governance token that allows users to vote on key decisions and get discounts on fees.

Type of dapp: Decentralized Perpetual Exchange

BMJ Score: 4.0

GMX is a decentralized spot and perpetual exchange, first launched on Arbitrum in 2021 before expanding to Avalanche a couple of months later. On top of allowing users to trade ETH, BTC, and other popular cryptocurrencies, GMX also supports perpetual futures trading with up to 50X leverage. It is powered by a dual token system featuring GMX, the platforms utility and governance token, and GLP, the liquidity token given to liquidity providers. Holders of the latter have a right to 70% of the platform fees, while the rest goes to GMX stakers. GMX is currently the most popular protocol on Arbitrum, contributing over 25% of the chains TVL.

Type of dapp: Cross-chain lending and borrowing

BMJ Score: 3.5

Radiant Capital is a lending platform like Aave but with a focus on cross-chain lending and borrowing. The project is powered by LayerZero technology to facilitate the transfer of assets across different chains. Radiants native token RDNT, allows its holders to vote on the platforms proposals, plus they get a portion of the interest paid by borrowers. RDNT can also be staked to earn staking rewards and protocol fees. The protocol recently expanded from Arbitrum to BNB Chain in its quest to actualize its omnichain money market vision.

Type of dApp: Cross-chain bridge

BMJ Score: 3.0

Stargate Finance is a bridge designed by LayerZero Labs, the company behind LayerZero protocol, to tackle bridging issues in DeFi. It removes the need for wrapped tokens to allow users to send native assets to non-native chains. STG, Stargates native token, can be staked, used for governance, and for liquidity provision. The protocol is just over a year old and has been thriving with over $430 million in overall TVL and $124 million locked in Arbitrum.

Type of dapp: DEX

BMJ Score: 2.5

Launched in 2020, Curve has grown to be one of the most important and popular DEXs in DeFi. It takes a different approach from your typical AMM: its mainly designed for swapping between tokens with identical pegs like stablecoins or wrapped assets like wBTC. This means it has lower fees, slippage, and impermanent loss. Curves swap fees are set at 0.04%, and every time someone makes a trade, this fee is split between liquidity providers. The protocol launched on Arbitrum in late 2021, and is currently responsible for over $95 million in TVL on the L2, and over $4.4 billion in DeFi.

Type of dapp: DEX

BMJ Score: 2.5

Sushis most popular product, SushiSwap, launched as a fork of Uniswap, executing one of the most successful vampire attacks (when protocols incentivize users to migrate liquidity from one protocol to theirs) in the industry. It tried to one-up Uniswap by creating a token, SUSHI, on top of the AMM to reward holders for depositing tokens and providing liquidity, as this was before Uniswap created UNI. With that said, Sushi has evolved since then, and has become one of the top DEXs, deployed on 25 chains including Arbitrum.

Type of dapp: DEXBMJ Score: 2.0

Balancer is also an AMM DEX that adds a twist to its model by introducing the concept of multi-token pools. On top of the standard dual token pools, Balancers pools can be composed of up to eight different tokens in any ratio. For instance, a four-token Balancer pool might be created to maintain the assets at certain ratios as follows: 25% BAL, 20% DAI, 15% WBTC, and 40% ETH. This model allows liquidity providers to choose their level of exposure to certain assets. The DEX launched in 2020 on Ethereum before being deployed on Arbitrum a year later.

Type of dApp: Yield Aggregator

BMJ Score: 2.0

Beefy is a multichain yield optimizer, which simply put, is a protocol that allows investors to automate the process of investing and reinvesting funds into different DeFi products. This process is facilitated by vaults, Beefys main product that can automatically execute yield farming strategies, compound rewards into your initial deposit and reinvest your profit. They allow investors to deposit a pair of tokens to be invested into liquidity pools or single tokens to be invested into lending platforms. The protocol was first launched on Binance Smart Chain in 2020 before expanding to 18 other chains including Arbitrum.

Type of dapp: DEX

BMJ Score: 2.0

Camelot is one of the most popular DEXs on Arbitrum. The AMM, its main product, uses a dual liquidity system tailor-made to suit high-volatility (think Uniswap v2-style AMM) and low-volatility (Curve-style AMM) swaps. Moreover, it has a dual token system, featuring the native token, GRAIL, and the governance token xGrail. Camelot was one of the protocols that benefited when users were gearing up for the Arbitrum airdrop towards the end of March 2023. Its TVL rose by more than 50% and even crossed the $100 million mark.

Arbitrum has seen great success as one of the innovative projects that are attempting to scale Ethereum without compromising its key features like security.

Plus, its design favors many developers, so its no surprise to see more protocols getting deployed on the L2 solution, which will translate to even more growth.

However, some (including Ethereum founder Vitalik Buterin) think that zk-rollups are the better scaling solution. Therefore, the landscape might change in the near future, as more zk-rollup solutions go to market.

We think it is unlikely that multiple L2s will survive; the market will likely consolidate into one or two big winners. Another possibility is that Ethereum finds new ways to scale, and Layer-2 solutions wont be needed.

For now, Arbitrum has positioned itself as a key player in the Ethereum ecosystem. Thanks to developer uptake it is growing rapidly, and that growth should be something investors watch closely.

An investment in Arbitrum and its top protocols can be considered an investment in the overall growth of Ethereum, smart contract technology, and the dapp landscape.

If you believe in L1 smart contract platforms, ETH is currently the leader. If you believe in L2 solutions, ARB is currently the leader. And if you believe in any of the projects listed above, remember that some of them are building on both Ethereum and Arbitrum. Thats a good strategy for reaching the most users.

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The Ultimate Guide to the Top 10 Protocols on Arbitrum - Bitcoin Market Journal

The cryptocurrency market has grown rapidly in recent years and has a market valuation of more than $1 trillion. For investors, low-cap assets offer lucrative chances. Well quickly review a few of these low-cap crypto assets below to see which would make smart investments.

Lets take a look at the five coins Maker (MKR), ImmutableX (IMX), StableXSwap (STAX), Uwerx, and BinaryX (BNX).

MakerDAO is a decentralized autonomous organization that uses the Maker (MKR) to offer cheaper and extremely quick transactions while removing the complexity of the decentralized ecosystem.

Maker (MKR) was developed exclusively to provide multifunctional benefits in all spheres of life. With a $20,852,725 trading volume over the past 24 hours, the current Maker (MKR) price is $682.99. The current sentiment is bullish as traders analysis shows that Maker (MKR) might hit $1,000 by Q1 2024 due to the growing demand for the token.

ImmutableX (IMX) is the first Layer 2 scaling solution for NFTs on Ethereum. ImmutableX (IMX) claims that its blockchain eliminates the Ethereum drawbacks of low scalability, a bad user experience, illiquidity, and a slow development experience.

With a $32,446,012 trading volume over a day, the current live ImmutableX (IMX) price is $1.19. Experts predict that as investors keep looking into scalable Layer2 project, it will have a positive impact on ImmutableX (IMX) and the token will surge by at least 45% by Q3 2023.

StableXSwap (STAX) is a decentralized, AMM-style Binance Smart Chain exchange specializing in stablecoins. StableXSwap (STAX) aims to develop one of the most effective stablecoin swaps on the Binance Chain by concentrating on stablecoin swaps and fine-tuning the trading fee parameters.

The current price of StableXSwap (STAX) is $0.189006. StableXSwap (STAX) has gained gained massive popularity as the tokens team keeps making improvements to its technology, and analysts say it might reach $0.01 if the project continues in that direction.

Uwerx has a clear mission and a strong team, focusing on developing a decentralized platform for the global freelancing economy. Unlike meme coins and projects with little utility, Uwerx will be a tangible asset with real-world utility; therefore, investing in it will increase the likelihood of retaining value.

By introducing the first worldwide, blockchain-powered freelance platform with several distinctive features that will not only shake but also transform the existing freelancing business, Uwerx seeks to revolutionize and conceive a new iteration of the freelance industry. Uwerx will offer an extremely low transaction fee of 1% and provide opportunities for freelancers to connect to potential clients.

The project has undergone audits by InterFi Network and SolidProof, so its a safe investment option. Uwerx will also incentivize freelancers and clients to complete simple tasks on the platform. Uwerx takes the safety of investors as a priority, and thats why the projects team decided to renounce contract ownership as soon as taxes are settled.

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The BinaryX (BNX) development team wants to change how gaming is seen in the GameFi market. The main goal of BinaryX (BNX) is to develop a profitable business strategy for games while expanding the current ecosystem and offering more enjoyable gaming activities.

BinaryX (BNX) is currently $0.522011, and its 24-hour trading volume is $6,633. In the last 24 hours, BinaryX (BNX) has increased by 6.93% due to its movement up the crypto rankings as it keeps catching the gaze of investors traders predict it will keep increasing to a minimum of $1 in Q3.

The top low-cap crypto tokens offer an intriguing chance for investors to profit from the cryptocurrency market. Uwerx will have the most price increases of all the projects discussed above.

Uwerx is currently on presale for $0.012 and will reach a minimum of $0.50 before Q3 2023. The developers will place the WERX tokens on 25-year liquidity to erase doubts, starting when the presale ends.

Join the presale by following these links:

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

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Cryptos Experts are Backing these 5 Coins for 300% Gains in 2023 ... - Blockzeit

The team behind the meme-inspired cryptocurrency $BABYDOGE has, in an ambitious bid to enhance the projects security, proposed a token burn of up to 100 quadrillion BABYDOGE tokens that have been dormant on the Ethereum network since the project launched.

The proposal includes a drastic tax reduction for transactions of the meme-inspired cryptocurrency on Ethereum to zero, and is currently being voted on by the cryptocurrencys community. The proposal came following a positive response from the community in a recent Twitter poll.

While the polls outcome demonstrated broad approval for the proposal, the team has underscored the necessity of a formal proposal to guarantee compliance with all requisite protocols.

The burn of 100 quadrillion tokens is intended to fortify the projects security framework and deter potential misuse by bad actors. The tokens set to be burned hold a substantial current market value of approximately $209 million.

However, its important to clarify that the targeted tokens for this burn, though representing a substantial portion of the assets total supply, are not part of the circulating supply.

The team anticipates preserving some BABYDOGE tokens on the Ethereum network to facilitate investors continued bridging of assets between the Ethereum network and the Binance Smart Chain. Should the community approve the proposal and proceed with the 100 quadrillion token burn, an estimated 85 quadrillion BABYDOGE will remain on Ethereum for bridging purposes.

If the proposal is approved, the tokens transaction tax on Ethereum will drop to zero within 24 hours, but the token burn will only occur on June 1.

As CryptoGlobe reported, BABYDOGE was listed on major cryptocurrency exchange KuCoin earlier this year after seeing its price surge over 250%. KuCoin is a leading global cryptocurrency trading platform with a 24-hour trading volume of over $800 million, that supports over 700 digital assets across a growing number of trading pairs.

BABYDOGE, its worth noting, was launched on top of the Binance Smart Chain network, while SHIB and other memecoins were launched on top of Ethereum. As CryptoGlobe reported, the number ofwallet addresses holding BabyDoge has at one point surpassed those holding onto Shiba Inu.

The meme-inspired cryptocurrency was developed as a hyper-deflationary token looking to become an improved version of Dogecoin, while championing its mission of rescuing dogs. Each BABYDOGE transaction is taxed at 10%, 5% of which are distributed to token holders and 5% of which are allocated to a liquidity pool.

The project has been burning an increasing number of tokens over time in a bid to reduce its circulating supply.

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$BABYDOGE Proposes Historic Burn of 100 Quadrillion Tokens - CryptoGlobe

May 8, 2023 by Diana Ambolis

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The concept of a metaverse, a virtual world where people can interact with each other and digital objects in real-time, has been around for decades. However, recent advancements in technology and the rise of blockchain have made the idea of an open and interoperable metaverse more attainable than ever before. This article will explore the

The concept of a metaverse, a virtual world where people can interact with each other and digital objects in real-time, has been around for decades. However, recent advancements in technology and the rise of blockchain have made the idea of an open and interoperable metaverse more attainable than ever before. This article will explore the benefits of an open and interoperable metaverse and provide examples and case studies to support our argument.

An open interoperable metaverse is a virtual world that is not owned by any single entity and can be accessed and interacted with by anyone. In an open metaverse, anyone can create and own digital assets that can be used across different platforms and applications. Interoperability refers to the ability of different metaverse platforms and applications to communicate and interact with each other seamlessly.

Benefits of an Open Interoperable Metaverse

An open and interoperable metaverse provides more opportunities for developers to create innovative applications and digital assets. In a closed metaverse, developers are limited to the capabilities of a single platform, which can stifle innovation. In an open metaverse, developers can create applications and assets that can be used across different platforms, leading to more creative and diverse experiences for users.

An open and interoperable metaverse also leads to increased user engagement. With the ability to access and interact with different applications and platforms, users are more likely to spend time in the metaverse, leading to increased engagement and monetization opportunities for developers.

An open and interoperable metaverse also provides greater economic opportunities for individuals and businesses. In a closed metaverse, the value of digital assets is limited to a single platform, but in an open metaverse, digital assets can be used across different platforms, leading to greater liquidity and value. This also opens up new opportunities for businesses to monetize their digital assets and create new revenue streams.

Decentraland is a virtual world built on the Ethereum blockchain that allows users to create, experience, and monetize content and applications. Decentraland is completely open and decentralized, allowing anyone to create and own digital assets that can be used across different applications and platforms.

Somnium Space is a virtual world built on blockchain technology that allows users to create and monetize content and experiences. Somnium Space is completely open and interoperable, allowing users to access and interact with different applications and platforms seamlessly.

The Sandbox is a virtual world built on blockchain technology that allows users to create, share, and monetize content and experiences. The Sandbox is open and interoperable, allowing users to access and interact with different applications and platforms seamlessly.

These case studies demonstrate the potential of open interoperable metaverse projects in providing increased economic opportunities and fostering innovation through the interoperability of different platforms and applications. As blockchain technology continues to advance, the development of open and interoperable metaverse projects presents an exciting future for virtual worlds and digital asset ownership.

Also, read Is Web3 Going To Pave The Path Of Metaverse Digital World?

The concept of an open and interoperable metaverse presents numerous benefits for developers, users, and businesses alike. An open and interoperable metaverse provides more opportunities for innovation, increased user engagement, and greater economic opportunities through the ability to access and interact with different applications and platforms seamlessly. Examples such as Decentraland, Somnium Space, and The Sandbox, as well as case studies of projects like Cryptovoxels and Binance Smart Chain, demonstrate the potential of an open and interoperable metaverse in providing increased economic opportunities and fostering innovation through the interoperability of different platforms and applications.

As blockchain technology continues to advance, the development of an open and interoperable metaverse presents an exciting future for virtual worlds and digital asset ownership. With the potential for increased engagement and revenue streams for developers and businesses, and more creative and diverse experiences for users, an open and interoperable metaverse truly is better for everyone involved.

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Why An Open Interoperable Metaverse Is Better For Everyone - Blockchain Magazine

The cryptocurrency market is full of surprises, and some unexpected projects have shown impressive gains in recent years. One such project is Pepe, a cryptocurrency token that has seen incredible price surges in a short period. Now, experts are predicting that RenQ Finance (RENQ) could repeat Pepes success.

Pepe, a viral Internet meme, has caused a significant stir in the cryptocurrency market. The coin, which launched recently, has made headlines and driven the price up more than 250% in the last 24 hours. One early investor turned $250 into $1.14 million in just four days, making headlines and drawing the attention of investors and fans alike.

The Pepe coin is just one example of the increasing popularity of meme coins like Dogecoin and Shiba Inu, which have attracted the attention of investors and fans as the cryptocurrency sector continues to develop in unexpected ways.

RenQ Finance (RENQ) is another cryptocurrency that experts believe has the potential to replicate the success of Pepe. RenQ aims to provide a one-stop solution for all kinds of traders under one platform in the DeFi world, empowering its users with a comprehensive solution by providing them with a platform that has the benefits of a centralized exchange and beyond.

Like Pepe, RenQ is community-driven, and governed by its community via forum discussions and voting on proposals by RENQ holders. RenQs ecosystem includes a multi-chain DEX, never-ending liquidity, a multi-chain all-in-one wallet, an aggregator, perpetual futures, a vault, a lending protocol, and a DeFi and NFT launchpad.

RenQ Finance has already raised more than $16 million in its presale, exceeding the expectations of many experts in the industry. The platform is poised to launch soon, and experts believe it has the potential to gain 5000% in 2023 alone.

While meme coins like Pepe have captured the attention of the cryptocurrency community, there is no denying that the potential for massive gains exists in more traditional cryptocurrencies like RenQ Finance. With its innovative approach to DeFi and its strong community support, RenQ has the potential to become a major player in the cryptocurrency market in the coming years.

RenQ Finance (RENQ) is a DeFi project that aims to connect all isolated blockchains and establish a cross-chain asset exchange network. RenQ Finance has been gaining a lot of attention in the crypto world, and experts believe it could replicate Pepes success.

One of the reasons experts are optimistic about RenQ Finance is its innovative platform that provides a one-stop solution for all kinds of traders under one platform in the DeFi world. The platform offers a multi-chain DEX, never-ending liquidity, a yield optimizer vault, a lending protocol, and more.

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RenQ Finance has already raised over $16.3 million in its presale, which shows that investors have confidence in the project. The current listing price is 0.070 USDT, which is higher than the presale price of 0.055 USDT. This indicates that RenQ Finance is gaining momentum and has the potential to repeat what Pepe did.

Experts believe that RenQ Finance could gain up to 10x more in 2023, given its potential for growth and strategic partnerships. The platforms community-driven governance model is also a positive sign for investors, as it ensures transparency and decentralization.

RenQ Finance has already established partnerships with other projects, including Polkadot, Binance Smart Chain, and Polygon, which is a good indication of its potential. These partnerships will provide RenQ Finance with access to a wider user base, which will help the project grow.

RenQ Finance has the potential to repeat what Pepe did and see massive gains in the coming years. The platforms innovative features, community-driven governance, and strategic partnerships make it an attractive investment option for both experienced and novice investors.

However, as with any investment, it is important to conduct thorough research and due diligence before investing in RenQ Finance or any other cryptocurrency project. It is also important to note that the cryptocurrency market is volatile, and prices can fluctuate rapidly. Therefore, investors should be prepared for potential risks and losses.

Click Here to Buy RenQ Finance (RENQ) Tokens.

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Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf

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Will RenQ Finance (RENQ) repeat what Pepe (PEPE) did? Experts ... - Crypto News Flash