Uniswap showed the way, Suhiswap copied and expanded Arbitrum, a second-layer solution for Ethereum.
In response to the months of high network fees at Ethereum, second-layer solutions are becoming increasingly important for projects in the DeFi area. One of them is getting a lot of attention right now: Arbitrum. The platform of Offchainlabs, whose founding team consists of former lecturers from the US elite University Princeton, only went live as a beta version two days ago. After the Uniswap community has already voted for integration into the V3 protocol, the SushiSwap offshoot is now following.
With the short words “in action”, a SushiSwap co-founder indicated the move via Twitter. The third largest integrated token DEX has thus increasingly emancipated itself from Ethereum. In March, SushiSwap CTO Joseph Delong announced the integration of the decentralized exchange in five other networks, including Polygon and Binance.
In the near future there will probably be a few more DeFi projects for Uniswap and SushiSwap. According to the latest blog post from Offchainlabs, over 250 teams have already applied for access to Arbitrum. For a good reason. Arbitrum is the first second-layer solution that is fully compatible with the Ethereum Virtual Machine (VME) and guarantees a smooth smart contract connection. It is based on the Optimistic Rollups process. The second-layer solution should also pay off for DeFi users in the truest sense of the word. The developers predict a 50-fold reduction in gas charges.
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