Arbitrum and its wider ecosystem are on fire right now.
I've found many DeFi protocols with a lot of potential.
Why I'm investing in Arbitrum and a breakdown of my portfolios that you can copy
🧵/22
1/22
In this thread I'll go through the following:
1️⃣ What is Arbitrum
2️⃣ What makes it so special?
3️⃣ 3 great DeFi protocols you must know about
4️⃣ Strong DeFi protocols with lots of upside
5️⃣ An update on my 2 Arbitrum portfolios
2/22
1️⃣ What is Arbitrum
Arbitrum is Ethereum's biggest Layer 2 to date. ⚡️
A Layer 2 blockchain is an extension of Ethereum that benefits from the security assurances provided by Ethereum while operating independently.
It can do all of this because it's an Optimistic Rollup
3/22
Optimistic Rollups speed up Ethereum's smart contract by using a second-layer chain to handle most of the work, while still recording everything on the main chain for security. 🔒
4/22
2️⃣ What makes it so special?
Everybody has been calling Arbitrum their new home, but why?
It's been growing at an astonishing rate for many months and it currently sits as the 4th biggest chain by TVL and as the 3rd biggest chain for its 24hrs trading volume. 🤯