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. 🤯
5/22
It also has something worth more than any kind of TVL.
And that is its community.👥
Arbitrum has one of the most vibrant and innovative communities in the whole DeFi space🚀
Innovation happens at a large scale when there are developers wanting to create better products.
6/22
3️⃣ Great DeFi protocols you must know about
1. ✅
@GMX_IO It has earned its spot as Arbitrum's absolute Real Yield King. 👑
GMX is a decentralized perpetual exchange that facilitates spot and perpetual trading with minimal fees and zero price impact.
7/22
The exchange features a multi-asset pool called GLP that enables market making, swap fees, and leverage trading, generating income for liquidity providers and stakers of its main token, $GMX .
8/22
$GMX's market cap has increased massively throughout 2022 and even during this year.
It now sits at $640mln with a Fully diluted valuation of 1bln.
9/22
It's been such a success that it also got deployed on
@avalancheavax and it shares a stunning $633mln of TVL between both chains. 💸
GMX also generates $260k in revenue from fees making it one of the most profitable protocols in crypto.
10/22
2.✅
@RDNTCapital Radiant is an omnichain money market that allows users to deposit & borrow major assets across multiple chains.
Its TVL has exploded since the beginning of 2023 and so did the Market Cap of its main token $RDNT.
11/22
It's built atop of Layer Zero cross-chain interoperability, leveraging Stargate's stable router.
The upcoming V2 release will simplify cross-chain fee sharing and expedite the process of launching on new chains and it will launch on
@BNBCHAIN soon after.
12/22
3.✅
@CamelotDEX Camelot is Arbitrum's native decentralized exchange (DEX), with a strong emphasis on community participation through its innovative dividend distribution system and its custom-built launchpad.
13/22
It is designed to be highly efficient and flexible for its users to utilize its custom infrastructure to achieve deep, sustainable, and adaptable liquidity.
14/22
Camelot's TVL has been growing like crazy ever since its launch on Arbitrum and its main token $GRAIL has increased its value by more than 800% over the past 30 days. 🔥
15/22
4⃣Strong DeFi protocols with lots of upside
1.
@GainsNetwork_io: A perp trading DEX with its flagship product gTrade. Been on Polygon for quite some time, but TVL has increased a lot after launching on Arbitrum
Good thread on Gains Network:
https://t.co/DAQtDuBFSb
16/22
2.
@vela_exchange: Also a perp dex with some interesting differences (synthetics, forex, etc.
Here is a good thread on Vela:
https://t.co/wwaZk11D4I
17/22
3.
@dopex_io: A decentralized Options exchange.
Dopex has several products, but the flagship product SSOV allows users to lock up tokens for a defined period of time and earn yield.
You can learn more about Dopex in this thread:
https://t.co/dlKzhQ0oQs
18/22
5⃣ An update on my 2 Arbitrum portfolios
My first portfolio is called “WAGMI” and is a portfolio that will perform better than $BTC during an uptrend.
It is up 30% in the last week, compared to 14% for $BTC and $ETH.
You can check it out below:
https://t.co/9015lprd19
19/22
But yeah, as always, I am tracking this portfolio with the help of the Chads at
@NestedFi, who are the official sponsor of my newsletter.
Here's a great thread on them from
@korpi87: https://t.co/HfCvuCMbuO
20/22
My second Arbitrum portfolio is called the “Arbitrum Degen Portfolio”
It consists of $VELA and $GRAIL which have done more than 60% in the last week alone + some other tokens to diversify
You can copytrade my portfolio on Nested in 1-click here:
https://t.co/ILth1S7Lcc
21/22
Okay, that was it!
Lots of other Arbitrum tokens and protocols I didn’t mention here, but I’m going to share 5 of them in my upcoming newsletter on Wednesday.
Subscribe here so you don’t miss it
👇
https://t.co/DVG5aWJyvO
22/22
Linking back to the first tweet below.
Please RT/like if you found this thread interesting!
👇
https://t.co/w0NXQiYNaC