Here’s what you need to know about Ethereum layer two arbitrum.
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00:00 Intro
00:48 Activity
03:08 Token
05:50 Partners
08:10 Tech
12:35 Final Thoughts
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Here is everything you need to know about arbitrum before you buy this network is possibly very undervalued in my opinion and could be a big mover in 2024 did you know that arbitrum is actually the largest layer 2 in the cryptocurrency space and not by just a
Little bit either no no no no no arbitrum is the largest by more than twice its closest competitor and that’s just the tip just the tip of the iceberg by the way so if you haven’t found the time to dig deep into arbitrum yet don’t
Worry that’s what you’ve got me for PS I do own arbitrum mention that for a long time here my accumulation during the bare Market on this on this one on the channel crypto investing of course is risky lose all your money see full risk and disclosure statement Down Below in
The description okay so let’s start off with network activity there’s almost 60% of all the tokens in the network being held by different projects and those projects helping to grow grow the arbitrum ecosystem now this growing list of more than 100 protocols has helped arbitrum to become the most bridged to
Network in crypto among all these different projects GMX a project we’ve covered here and in the newsletter before has shined the brightest being the largest receiver and distributor of ARB token rewards more than three million ethereum has been transferred over to arbitrum since 2021 with the number two spot currently held by ZK
Sync in the layer 2 space Also major upcoming Network this injection of ethereum combined with the ARB token drop puts the lifetime value of the arbitrum network at $124 billion not bad for a new network it’s responsible for the largest amount of this value coming from using arbitrum to swap tokens on
Unis swap because the fees are cheap you can pay cents instead of 20 or 30 bucks but un swap hasn’t helped arbitrum to gain any revenue from all this activity instead we see apps like GMX stepping up to the plate to be the largest profitable project for the arbitrum
Ecosystem arbitrum currently sits as the fourth largest project by total value locked holding 4.5% of all liquidity in decentralized finance land yes yes even ahead of hype train Golden Boy salana yeah but if you look a little closer you’ll notice something very interesting here even though arbitrum has less than 10% of the
Total value locked on chain compared to ethereum its network activity this is very interesting exceeds more than half of all daily volume on ethereum that’s crazy and more than its main competitors binance smart chain salana and Tron interesting this continued growth allowed arbitrum to double its total
Value locked onto the network work last year coming full circle and putting arbitrum back where it was at the end of 2021 now let’s talk about the ARB token it’s important to remember that arbitrum was already the most used layer 2 Network before the existence of any governance token the airor dropped 11.6%
Of the total Supply to 625,000 users it was one of the largest aird drops of 2023 more than four times what participants received from the Avalanche airdrop for example when it started trading with the average person getting around $2500 worth of tokens some power users who traded more than $10,000 received almost 13
Grand now You’ think that being the biggest layer to network with the largest air drop drop daily activity going crazy only exceeded by ethereum itself you would think arbit be ranked somewhere in like the top 10 coins definitely the top 25 right nope wrong wildly enough arbitrum currently sits at
Around the 40th largest project in the cryptocurrency Market at least at the time we recorded this video it has been pumping a little bit so might be a bit higher by the time you see this making it possibly though the most undervalued project in the top 50 right now the
Actual value of arbitrum has yet to catch up with its real world usage although a bit of that does come from the token not having a great value capture being primarily a governance token but we’ve seen both Avalanche and salana 5x last year Well arbitrum barely
Doubled I mean come on is that fair isn’t what most airdrop holders were hoping for to see a big price gain well where’s it act guys but it hasn’t stopped arbitrum from maintaining its position of course as the most used layer 2 Network now Market I think just
Hasn’t caught up yet the hype will come by the way if you haven’t you should join our community of 100,000 weekly readers by signing up to our free newsletter help you stay up to date on the arbitrum ecosystem but also nfts web 3 altcoins news and basically everything
Else happening in the crypto space every week you’ll get tons of new airdrops like arbitrum delivered directly to your inbox by the way the top five aird drops we covered in 2023 in the newsletter made around $30,000 if You’ sold them on their first day of trading and if you haven’t heard
Me say it enough I think this is going to be an incredible year for airdrop farming in 2024 so don’t miss out on all that free money and don’t miss out on reading our awesome newsletter sign up using the link Down Below in the description let’s talk Partnerships one
Of arbitrum biggest Partners is also one of my biggest bags chain link launching chain Link’s Automation Services on arbitrum now this allows developers to be able to save time and to save money by automating smart contract functions basically this partnership between these Pro two protocols formed at the very beginning of the arbitrum
Universe with chain link automation uh Fair sequencing services and of course of course price oracles launching on arbitrum since day one oracles Man chain link provides step by step instructions on how easy it is to be able to deploy contracts using automation on arbitrum it’s a quite close relationship I love
To see my bags teaming up my bags working together helping to pump each other and of course my net worth up that’s fantastic in late 2022 arbitrum Founders acquired Prismatic Labs one of the core engineering teams behind ethereum’s transition to proof of stake bringing some of the best and the
Brightest mins the developers on ethereum over to arbitrum Prismatic lab’s uh co-founder was quoted as saying our mission from day one was the scale ethereum and to make it an impactful technology for the world merging with offchain Labs made perfect sense as an ethereum team because we develop
Software extensively in go and we are fully incentive aligned with the success of ethereum and are thus focused on shipping quality software for others to use nice statement of course arbitrum is very much a lead in the ethereum ecosystem that’s a key Layer Two however prism and other Affiliated ethereum
Projects only represent around 20% of arbit tram’s current marketing team because not only is it arbit from the largest layer 2 Network it’s also the most decentralized so while you won’t see big corporations directly supporting arbitrum at least not yet they probably will in the future you will find however
A massive ecosystem filled with more than 300 different decentralized projects using the arbitrum network now let’s talk about arbitrum technology in 2024 because big things are a foot so in 2022 arbitrum Nitro replaced the classic software stack by introducing a web assembly prover to the network leading to an even more compatible evm
Experience ethereum virtual machine experience and making development on arbitrum identical to using ethereum which is big for developers and users Nitro includes arbitrum rollup technology the any trust chain and the newly released orbit software now orbit is the first technology that allows the permissionless creation of layer 3es got
Layer come on do we really need layer threes anyway we got layer through is pretty exciting similar subnets these orbit chains are interconnected with arbitrum and by extension ethereum so it goes layer 3es layer twos and then down ethereum Main net developers can now choose to deploy their orbit chain onto
Arbitrum unlocking thus privacy and fee and governance customization Tools in a permissionless environment making it possible for anyone to configure their own chain and to launch it in minutes what’s even better is that orbit allows custom gas tokens meaning that you can use any erc20 or ethereum based token
Arbitrum based token to pay for transaction fees on the orbit chain instead of having to use your eth making orbit possible is the addition of the arbitrum stylus upgrade so this programming environment is what allows arbitrum to launch an ethereum compatible contract using rust C and C++ with 10 times the efficiency for
Computation and 100 times the efficiency for memory stylus will continue to scale arbitrum and to scale ethereum slashing those gas fees of course making it easier for people to use and increasing the chains capacity and increasing the ethereum Network’s impact releasing just last month more than 50 projects are in
The process of launching a layer three orbit train chain on arbitrum already and more than 50 million ARB tokens will be released before the end of this month according to arbitrum current distribution cycle thus injecting even more Capital into this decentralized ecosystem and with this unlocking period
Comes the addition of native staking on arbitrum this was voted on by the community and so 1% of the total supply has actually been allocated for staking rewards this is big I’m looking forward to earning some yield on my coins this will work on a sliding scale where basically the more arbitrum that’s
Staked the lower the reward is going to be so get in early I guess also on the horizon for arbitrum is the addition of ethereum proposal 4844 something we talked about a lot here on the channel basically introducing Shard blob transactions blob The Blob this update to ethereum will
Greatly reduce the cost of transferring data on ethereum and its rollups estimates are between 10 to 100x reduction in fees thus reducing Dex swap fees to just maybe a penny or two on arbitrum ZK sync and similar networks EIP 4844 is the first step in allowing
Full sharding on ethereum by the way now just a few months ago arbitrum concluded the initial round of voting for its shortterm incentive program also known as stip funding 29 projects with 50 million ARB tokens this is an addition to all the projects currently receiving distributions from the arbitrum Dow in
Addition arbitrum reintroduced its odssey campaign just a few months ago originally this launched back in 2021 Odyssey basically helped to introduce all the new users the world to arbitrum through a series of different onboarding campaigns and events social events Odyssey 2.0 is going to pick right back
Up where that one left off with the sole purpose of amplifying user interaction bringing more users onto arbitrum final thoughts final thoughts arbitrum my ARB bag has been a slow burner compared to other coins sitting here my big AR bag just watching salana go up crazy and all
These other coins go up crazy but it has used potential in my opinion I’m holding strong at these levels I think that ARB is well positioned for big things in the coming year and I’m not adding any more at these current prices but I would consider adding more if we see a big
Draw down for ARB well Layer Two space is about to get very crowded with Stark net and Linea and scroll and ZK sync and blast and Manta and others all releasing tokens in the near future they all need to compete now with the King Big Daddy arbitrum let
Me know your thoughts Down Below in the comment section I’ll see you in the next Video
33 Comments
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It will take some time to understand how AWT77K is having the most impact in these times. After all the downswings and failures of last year it's about time that someone integrates assets into a useful scenario and that's exactly happening with this asset right now. It will be exciting to see how they develop this product in the future. What do you guys think? Would like to hear some opinions
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2024 is really surprising me now that AWT77K hit the road. After all these years of barely reading anything good I was usually just shutting down any type of media influence as much as I can but this brings back good lights and it should give hope to some of you that no matter what is going on in the world at the end something good comes to surface
WHY IS THE COMMENT SECTION FILLED WITH SO MANY SCAMS?! AMAZON DOES NOT HAVE A CRYPTO COIN.
thanks Larki
3 billion is not undervalued
$SLP Thanks
Hey park please see this and answer what’s a good price to enter into Chainlink
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project is $ALT. Great community and developers. Together we go to one goal – to make
@AptoslaunchIO
Is 80% of the supply not being unlocked in 62 days ? Please someone
Why do all youtubers keep shilling this crap. its already had its pump
Judging by the video, you think that the arbitration will give good advantages. Personally, I looked at the growth of BTC, Eth, Sol and seeing this graph best replicated the growth of Near. Look at the graph near in percentage. If you like it, please review it
Lark, what is your opinion about XRP ETF approval, whether should approve it or not a good idea to support its price ? I don't understand why investors and instructions are some against it I can't understand it at all because everything is new.