9 Reasons to Build on Arbitrum One
Arbitrum One, an Optimistic Rollup that settles Ethereum transactions off chain, has become increasingly popular with NFT and DeFi projects due to its low transaction costs, rapidity and high security. According to L2BEAT, this Layer 2 currently has $10.5 Billion Total Value Locked (TVL).
Let’s explore nine key advantages that make the Arbitrum network a strategic choice for many developers.
Arbitrum is designed to increase the throughput of transactions on the Ethereum network. It achieves this by processing transactions off-chain and then submitting batches of transactions to the Ethereum mainnet. This can significantly improve the scalability of decentralised applications (DApps) by reducing congestion on the Ethereum mainnet.
Rapid Confirmation Times
Boasting shorter block times and faster confirmation periods, Arbitrum ensures swift transaction processing and smart contract executions. This commitment to speed enhances the overall user experience.
Lower Transaction Costs
By aggregating transactions off-chain and submitting them in a single batch on-chain, Arbitrum significantly reduces the computational and storage overhead associated with individual transactions. As a result, Arbitrum can offer gas fees that are dramatically lower compared to Ethereum’s mainnet.
Arbitrum employs a model that relies on Ethereum’s security. It benefits from Ethereum’s robust network and decentralized consensus while providing a layer 2 solution for improved performance.
Seamless Ethereum Integration
Arbitrum seamlessly integrates with the Ethereum Virtual Machine (EVM), allowing developers to effortlessly transition their Ethereum-based projects to the Arbitrum network without the need for extensive modifications.
Thriving DeFi Ecosystem
The Arbitrum ecosystem is home to a diverse array of DeFi projects, providing developers with fertile ground to innovate within the realms of decentralized exchanges, lending platforms and yield farming protocols. Similarly more and more blockchain games are choosing to build on Arbitrum; xPet.Tech and free-to-play action RPG The Beacon are prime examples.
Developer-friendly tools and resources (they have great documentation) provided by Arbitrum simplify the process of building and deploying applications on the network. The Arbitrum developers give the community a lot of time to prepare for upcoming hard forks. The team is very supportive and offers projects valuable visibility, constructive feedback, and the potential for widespread user adoption.
Strategic Dual-Chain Approach
Some forward-thinking projects adopt a dual-chain strategy, deploying their solutions on both Arbitrum and Ethereum. This enhances flexibility and broadens their reach, catering to users across different blockchains.
Interoperable Token Standards
Arbitrum supports popular token standards such as ERC-20 and ERC-721, enabling the seamless integration of existing tokens and DApps. ARB is Arbitrum’s native token; it uses the Ethereum ERC-20 standard.
As projects explore the unique benefits of building on Arbitrum, the network continues to evolve as a dynamic and scalable solution. Bridge to Arbitrum today by visiting:
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