Arbitrum

Wicrypt, a decentralized finance protocol, has announced plans to increase liquidity on its Arbitrum pool. Additionally, the company will transfer a portion of its liquidity from the Polygon network to Arbitrum over the next 24 hours. This move is aimed at enhancing the protocol's presence on Arbitrum, a leading Ethereum layer-2 scaling solution.

Arbitrum has announced further reductions in gas fees for its Arbitrum One layer 2 scaling solution. The ArbOS Atlas upgrade, which went live on March 19th, introduces lower fee floors and average fees. Specifically, the L1 surplus fee per compressed byte has been reduced from 32 gwei to 0, and the L2 base fee minimum has been lowered from 0.1 gwei to 0.01 gwei. These changes, combined with the recent Ethereum Dencun upgrade enabling blobspace data availability, are expected to improve affordability and enable greater economic activity on Arbitrum at lower costs. Further enhancements, such as the upcoming Stylus upgrade, are anticipated to bring additional efficiency improvements.

At the Game Developers Conference 2024, a prominent Ethereum layer 2 scaling solution unveiled plans for a community initiative. The project aims to bring together enthusiasts and supporters of various projects within the ecosystem, offering them a dedicated role in the project's Discord server. However, it was clarified that joining the community does not confer any additional benefits beyond the corresponding role.

Liquid restaking, a process that allows staked Ethereum to be used for other purposes, continues to gain traction on Arbitrum, a layer 2 scaling solution for Ethereum. Several projects, including OmniFDN, eigenlayer, and KelpDAO, are collaborating to promote this initiative within the Ethereum community. While there are no direct benefits to joining this effort beyond receiving a corresponding role on the Discord server, it represents a significant development in improving the liquidity and utility of staked Ethereum.

New research from Uniswap has revealed that Arbitrum, an Ethereum layer 2 scaling solution, has been more profitable for liquidity providers compared to other layer 2 networks. The study found that due to Arbitrum's shorter block times, arbitrageurs pay higher fees to liquidity providers at the same gas price, and prices remain fresher. This shorter time frame translates into increased profits for liquidity providers utilizing Arbitrum.

Arbitrum, a leading Ethereum layer 2 scaling solution, has conducted tests on 16 different cross-chain routes to its network. The aim was to ensure that users, referred to as 'Arbinauts', are able to save money when using the Hourglass feature. According to the report, the results of these tests were excellent. Arbitrum also highlighted that its community does not offer any tangible benefits beyond a corresponding role on its Discord server.

Arbitrum, a leading Ethereum layer 2 scaling solution, has announced the launch of Arbitrum Orbit chains, which allow users to deploy custom gas tokens. Users can choose the Orbit stack, a settlement layer like Base or Arbitrum One, and a data availability solution like AnyTrust or Celestia. By pasting the gas token's contract address on the settlement layer, users can deploy their own custom gas token. While there are no added benefits to joining Arbitrum's community other than a corresponding role on their Discord server, this new feature provides greater flexibility and customization options for developers building on the Arbitrum network.

Dexalot, a central limit order book solution, is set to deploy on Arbitrum, a layer 2 scaling solution for Ethereum, on April 16th. The deployment follows the completion of an audit by Hacken Club, enabling Dexalot to operate across multiple blockchain networks. The Arbitrum community is invited to mark their calendars and prepare for cross-chain trading capabilities offered by Dexalot.

Insilico Terminal has partnered with Vertex Protocol to offer their advanced execution software on Arbitrum. Users can now connect and trade using the platform.

Arbitrum Foundation announces grants to Velvet Capital, Arcanum, and Dexponent, aiming to expand the DeFi ecosystem on Arbitrum. Projects focus on decentralized ETFs, institutional liquidity, and connecting with Money markets on Ethereum Layer 2.