Welcoming Arbitrum chain to Flooz

🤝 Welcome Arbitrum to Flooz

We're excited to announce that Flooz.xyz has now integrated with Arbitrum chain to serve all DeFi traders. You can now trade any token across the Arbitrum chain, and join a thriving ecosystem with faster transactions and cheaper network fees.

Let's take a dive into our latest cross chain swap feature network, Arbitrum.

❓ What is Arbitrum?

Arbitrum One is a leading Ethereum Layer-2 scaling solution initially developed by Offchainlabs, offering ultra-fast, low-cost transactions. Launched in August 2021, the Arbitrum ecosystem currently counts over 2000+ DeFi and NFT projects!

The Arbitrum layer 2 solution is designed to improve the capabilities of Ethereum smart contracts, enabling much improved outcomes such as; boosting their speed, scalability, and an added element of privacy too.

While Ethereum is the preferred option for many projects in the crypto space, it does have its downsides, with a strained network being one of them, resulting in slower processes and increased fees for users due to the congestion… which as you can imagine, is not ideal.

This is where Arbitrum comes into play. While Ethereum is looking to improve its on-chain processes and provide additional upgrades to address these problems, Arbitrum works as a layer 2 option to resolve these issues.

How does this work?

Ideal, right? For this to work, Arbitrum uses a technology called optimistic rollup. Its entire purpose is to allow and enhance the scalability of Ethereum smart contracts. This is done by enabling the exchange of messages between smart contracts on the Ethereum main chain and those on the Arbitrum second layer chain. The reason this works so well is because it allows a large portion of transactions to occur on the Arbitrum second layer, while still registering and recording these on the main chain (Ethereum in this case). As a result, this significantly improves the transaction speed and operational efficiency, while still addressing the scalability issues with Ethereum's ecosystem.

So to clear up any confusion… Arbitrum is used to solve the issues that the Ethereum blockchain has, which results in faster, cheaper, and more efficient transactions and processing. Think of it as buying a server to take away some of the stress from your main server that is overloaded sometimes and close to capacity.

📊 Take a look at the stats

Since Arbitrums airdrop back in March 2023, it has been growing ever since, and to no surprise, it is the biggest Ethereum layer 2 by TVL (Total Value Locked). So let’s dive a little deeper into this 👇 According to L2Beat, Arbitrum has a TVL of around $11B, which is incredible considering it hasn’t even been available for a year yet… On top of this, Arbitrum has a market share of 49.5%, nearly double that of second place, which is the OP mainnet, seeing only a 25.4% market share and a TVL of $5.62B in comparison.

Quite a big difference if we say so ourselves… As for the Arbitrum token ($ARB), it is currently in the top 50 for market capitalization, sitting at around $2.4B, and has a 24H volume of $400M. What’s even more impressive, there are just under 900 million wallet addresses for $ARB, which illustrates that this project is thriving and is attracting a lot of investors. This is an exciting project that is looking to continue expanding, and luckily for you… you can now use the Arbitrum network to swap via our platform. If you want to check out more about our latest swap features, including Arbitrum and a few other new faces, you can find more information here 👈

🚀 Top 10 Arbitrum projects to trade

With the swap feature now including the Arbitrum network, it would be rude not to include the top 10 projects available to trade on the network, right?

Let’s jump in 👇

👀 What's been happening with ARB token

Now you know what Arbitrum is all about… let’s find out what has been happening recently 👇

Next on the agenda, Arbitrum is set to unlock the next portion of $ARB tokens in March, with an estimated 87% of the supply to be released, totalling around $2B worth of tokens set to enter the circulating supply.

This is concerning to any investors, as such a big supply release could heavily impact the price, with the likely direction to be downwards. But as usual, nothing is guaranteed, so it is a gamer of wait and see what happens. Either way, there will be some volatility once this unlock begins, so be prepared, and who knows… there may even present an opportunity for eager investors to get involved in the project.

Lastly, Arbitrum may be disbursing tens of millions of dollars worth of its native token to incentivize usership and development on the layer-2, which would be the third time in 5 months that this has occurred. This is after a recent DAO passed an initial snapshot for a “long-term incentives program” with 45.8 million Arbitrum ($ARB), worth nearly $90 million at current prices.

While votes would need to be tallied and this proposal to be passed officially, this is definitely an exciting movement for anyone involved with Arbitrum as they are looking to keep expanding, which for any investors, is certainly a good sign.

Don't forget, if you want to find out more about our latest swap features and available networks, you can check it out here 👈