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Arbitrum Surges Ahead as Ethereum’s Layer 2 Landscape Takes Shape

Layer 2 rollups now see more transaction volume than Ethereum’s main network.

The second layer layout of Etherum is finally becoming more and more perfect, while Arirum is in the leading position.

According to DefiLlama, Arirum is now the fourth largest blockchain in terms of total TVL in the decentralized financial sector (Defi) ecosystem.

Its $1.49 billion TVL is basically twice the optimism of its key competitor, the latter using similar technology to expand the Ethernet, but the TVL is close to $800m.

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Arirum's recent improvement has been due in part to GMX, a fragmented spot trading and permanent exchange that was founded in September 2021 and has been improving dramatically ever since. GMX currently accounts for about 30% of Arirum's total TVL, or about $457 million. (GMX is also deployed on the landslide block chain, although he occupies about 1/4 of the area in the block chain).

Decentralized financial services platforms such as GMX apply smart contracts that allow users to trade without any intermediary and charge them in return for local community members of liquidity service providers. Over the past six months, GMX has been so successful that within 24 hours of the just-concluded weekend, it received more transaction costs than the Ethernet blockchain over the same period.

The second floor of the etheric landscape

Last year, when Ethernet transaction fees skyrocketed due to increased customer demand, ro / ro-the block chain that binds and liquidates transactions on the ether-is said to be in urgent need of a solution to the growing universality of the chain. Unlike SideChain such as Polygon pos, the latter also bundles transactions and settles on the ether, while aggregation (also known as the second-tier service platform) uses the security equipment already in place.

The first big aggregation chains to enter the market are optimism and Arirum, both of which have been classified as "cheerful" aggregators, referring to their system of raising funds for Ethernet securities.

According to Blockworks, the current average transaction service fees for cheerful and carry trades are about 20 cents and 14 cents, respectively. By comparison, according to YCharts, the average ethernet transaction fee exceeds 75 cents.

The development of Etherum Tier 2 ecosystem is slow, and the total amount of aggregate locking across Tier 2 is once again an order of magnitude lower than that locked in Etherum. However, according to L2beat, the total transaction volume of second-tier projects has been higher than the most basic etheric chain in the past six months.

Arirum uses a different type of growth strategy than optimism. In order to attract more customers, optimism brings native OP as an incentive to use applications based on optimism.

Arirum doesn't have a token, which means it attracts consumers to the service with the organic growth of its fragmented financial ecosystem. However, it may also be due to the existence of some robots, which are designed to cultivate tokens that have not yet been published on the site, the use of Arirum is overestimated. When the tokens are announced in the login password agreement, they often airdrop some of the tokens as a reward to the current customer.)

Hedging arbitrage and cheerfulness are still the biggest aggregates today, but in the coming months, they may face brutal competition from a new batch of zkEVM-a more advanced aggregate that applies zero-knowledge data encryption to improve cost and security.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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