sksm
@sksmjain
Followers
2K
Following
6K
Statuses
3K
Sharing notes on Crypto Economics and Engineering | Prev Founder at @macha0x
Noida | Bangalore
Joined January 2013
A look into Arbitrum I've recently started delving into @arbitrum, especially as I observed numerous projects announcing their own appchain launches on Arbitrum's Orbit. In the chaotic landscape of Ethereum scaling, a considerable tussle exists between different layer 2 solutions, making it crucial to understand their real-world implications. Arbitrum has demonstrated significant growth among them in maintaining DeFi activity and ecosystem expansion. It has exposure to over 30 million unique addresses and boasts 15 million active wallet addresses. DeFi Exposure According to @l2beat data, Arbitrum alone holds a 40% market share among all rollups. It is the largest Ethereum scaling solution in terms of total value locked (TVL), with over $2.3 billion, while its closest L2 Base, has a TVL of approximately $1.2 billion. The largest protocols by TVL on Arbitrum include @aave V3, @GMX_IO, and @Uniswap V3. Arbitrum has established itself as the second-best home for AAVE V3, with a TVL of $632.89 million, and similarly ranks second for Uniswap V3, with a TVL of $299.59 million. — Stablecoins on Arbitrum has total mcap at $4.43Bn significantly higher than any other L2 — @RenzoProtocol is the biggest contributor of liquid restaking to Arbitrum with $85Mn TVL — $11Bn worth of assets bridged to Arbitrum Ecosystem Arbitrum’s ecosystem is very broader in nature. Since last few months it has diverse well and has started attracting specific communities. Arbitrum has 50+ orbit chains and is diversified into — 22 Defi Chains — 17 Gaming Chains — 5 NFT Chains — 12 Infra and Tooling Chains — 2 Dpin Chains Arbitrum ecosystem is overlooked by ArbitrumDAO which holds over 35% of total $ARB. ArbitrumDAO and has received some 127Mn $ARB token in circulation which is further airdropped to DeFi projects like @GMX_IO, @SushiSwap, @BreederDodo among many to build Arbitrum Ecosystem. — Over 3.5Bn $ARB allocated to ArbitrumDAO Treasury — Approx 42% of $ARB Tokens are held among vaults and treasuries of airdropped projects. Gaming With gaming as the most activated community in web3, Arbitrum is expanding a lot of community efforts in the area and has 41 GameFi projects. Recent initiatives like the Gaming Catalyst Program hold great promise for Arbitrum’s future. The ArbitrumDAO recently approved 225 million ARB to fund a three-year Gaming Catalyst Program (GCP) dedicated to expanding Arbitrum/Orbit/Stylus adoption by game developers. According to their social channels, the GCP Council will be a DAO-elected group of five trusted professionals with backgrounds in gaming, venture capital, grant allocation, web3 technology, and DAO relations. The allocation of $117 million to $517 million (capitalization of 225 million ARB at current price and ATH) has the potential to bring immense gaming projects to the Arbitrum ecosystem. The gaming landscape is led by projects like @PirateNation & @PlayMightyHero NFTs and SocialFi While not as prominent as its DeFi and gaming sectors, Arbitrum is making inroads in NFTs and SocialFi. The NFT landscape of Arbitrum has @RariChain which is posed as the first creator centric Arbitrum’s Orbit chain. @degentokenbase also launched their own Orbit stack chain on Arbitrum where its settlement will happen on Base. Closing Thoughts Arbitrum is well-positioned to maintain and potentially expand its market leadership in the L2 ecosystem. However, Arbitrum will need to navigate intense competition. Other L2s like @BASE are hot on its heels, and specialized chains are making inroads in sectors like @peaqnetwork in DePIN (Decentralized Physical Infrastructure Networks). Also many leading projects now see potential in launching their own L1s rather than attested to another L2.
5
19
80
0
0
5
@0xCoinshift @accountantquits A super addition to Coinshift's OTE mission. Welcome to the club.
0
0
1
RT @tarungupta1475: Morpho Protocol : The separation of risk is not a bug - it's a feature. The recent USD0++ depeg situation has sparked…
0
19
0
RT @tarungupta1475: USD0++ Depeg: Truth & Artificial stability of an Illiquid Asset TL;DR USD0++ was designed as a 4-year commitment token…
0
3
0
RT @vijaymichalik: make your new year’s resolution to get paid onchain in 2025 put your money where your yaps are. it’s easier than ever w…
0
4
0
@iam_preethi I've been doing that with Moongdal being a vegetarian. It easily brings 12 grams of protein.
0
0
1
Can AIs compete with one another? Can it create a paradoxical scenario—a "no-win, no-loss" dynamic?
0
0
2
Intriguing thoughts, @FrancescoRenziA Most money in the world often sits idly in savings accounts, earning minimal or no yield for the owner while creating opportunities for banks. A real-time flow of money system could revolutionize this paradigm, transforming static wealth into dynamic streams of value. With the rise of AI agents integrated with crypto, there’s immense potential to establish a new financial order where money operates seamlessly across space and time. One possibility is having an AI agent receive our salary in streams and autonomously manage its distribution —covering expenditures like rent, loans, and taking charge of investments across the Stocks, DeFi landscape.
0
0
1
BTC is no longer a silent disruptor For centuries, our hard-earned green bills have been entrusted to custodial legacy systems—banks and institutions that promise us the best returns while delivering meager interest and hidden fees. These systems, wrapped in the veneer of trust, have served not just as custodians but as gatekeepers, enriching themselves at our expense. Bitcoin and crypto are dismantling this narrative, rewriting the rules of finance, and challenging the status quo. They mark the beginning of the end for the so-called "conspirators" of the old financial order. The rise of BTC isn't just a technological revolution—it's a lifeline for billions worldwide. With Bitcoin rallying > $100K, we're witnessing the birth of a new economic order. No more economic jailers—this is the path to true financial inclusion. BTC is reclaiming control over "Monie" for us.
0
0
2
@jarrodWattsDev Loved this Jarrod. What was the fundamental thought of using voice vs text? I will be cloning repo tonight and will be shilling my own AI Coin.
0
0
0
@NitanshuL @safe Nitanshu, I just read Rishabh's post now. Is there a working model of it already?
1
0
1
