8 Notable Projects on the Arbitrum Network
Arbitrum is a Layer 2 solution for the Ethereum blockchain and serves as the foundation for many DeFi projects and applications. According to DefiLama, Arbitrum’s total TVL (Total Value Locked) has reached $22 billion. Here are 8 notable projects on the Arbitrum network:
- Arbitrum Bridge
This is the official cross-chain bridge that allows funds to move between Arbitrum, Arbitrum Nova, and the Ethereum network.
2. GMX
This platform specializes in cryptocurrency derivatives trading, including futures. It is available on both Avalanche and the Arbitrum network, offering traders up to 50x leverage and features like token swaps, reward programs, and referrals.
3. Uniswap
The largest decentralized exchange on the Ethereum blockchain, Uniswap, has expanded to the Arbitrum network, where it currently holds over $300 million in locked assets.
4. Radiant
Radiant is a lending protocol that provides loans, cryptocurrency credit, and interest-bearing deposits. Users can borrow stablecoins against their own cryptocurrencies or lend their coins for returns.
5. AAVE
AAVE operates as a lending protocol on multiple networks, including Arbitrum, Ethereum, Harmony, and Optimism. It offers various cryptocurrency lending options and allows users to lend their coins to others with interest rates ranging from 2% to 10% annually.
6. Camelot
This decentralized exchange is designed specifically for the Arbitrum network, enabling token swaps and the launch of new projects on its internal launchpad.
7. Stargate
Stargate is a cross-chain DeFi protocol that facilitates fund transfers across multiple blockchain networks, including Arbitrum, Metis, and Optimism. It offers features like token staking and stablecoin farming.
8. xWIN.Finance
xWIN.Finance is an innovative asset management platform that tokenizes strategies created by professional traders and provides investment trust tokens. This project explores new possibilities in the DeFi space.
While these projects are noteworthy, it’s essential to exercise caution and practice risk management in the rapidly evolving world of cryptocurrency. Greater rewards often come with greater responsibility.
