Home on Arbitrum
Lifting off on Arbitrum
Last updated
Lifting off on Arbitrum
Last updated
We believe that by 2024, there will be more projects built on Arbitrum than most L1s. We strongly believe this thesis and are working towards a future where Parallax can help grow the Arbitrum ecosystem.
Ethereum network congestion As the Ethereum network continues to face issues with scalability, high gas fees, and network congestion, Layer 2 solutions like Arbitrum become increasingly attractive to developers and users.
Optimistic rollups technology Arbitrum uses optimistic rollups, which provide significant improvements in transaction throughput, ultimately making the platform more scalable and usable.
Compatibility with Ethereum Arbitrum is designed to be compatible with Ethereum, making it easier for developers to migrate their existing smart contracts and applications with minimal changes.
Developer adoption The simplicity of deploying applications on Arbitrum encourages developers to choose the platform for their projects, contributing to its growth.
User experience Arbitrum's faster transactions and lower fees can significantly improve the user experience, making it more appealing to users and driving adoption.
Interoperability Arbitrum's commitment to interoperability with other Layer 2 solutions and blockchains promotes collaboration and encourages a wider adoption of the platform.
Security Arbitrum leverages Ethereum's security infrastructure, providing users with confidence in the platform's reliability and trustworthiness.
Growing DeFi ecosystem As the decentralized finance (DeFi) ecosystem expands, the need for scalable solutions becomes more critical. Arbitrum's ability to facilitate high-throughput transactions makes it an attractive option for DeFi projects.
Support from the Ethereum community Arbitrum has garnered support from key figures within the Ethereum community, which helps build credibility and promote adoption.
Continuous development and innovation The team behind Arbitrum is dedicated to continuously developing and refining the platform, ensuring it remains at the forefront of Layer 2 solutions and stays competitive in the rapidly evolving blockchain industry.
