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Fireside chat with Arbitrum
When it comes to the ‘real’ blockchain activity, Ethereum ecosystem continues to be the dominant one.
A major criticism over the years, however, has been that as ETH appreciates in value, small blockchain users get priced out. These days it can cost up to $20 in gas (i.e. network fee) to send a payment and $100+ to place a trade.
On the back of this and combined with the crypto bear market, core Ethereum activity (while being resilient) hasn’t really grown lately.
A big change, however, came in the form of Layer 2 blockchains - Arbitrum and Optimism. These are networks that exist on top of the Ethereum blockchain, ‘rent’ its security features and cost 100x lower to use.
DeFi ecosystems on these chains have blossomed and as can be seen above, transactions in the Ethereum universe are at all time high. We are delighted to have had an opportunity to speak to Luke from Offchain Labs.
Please enjoy the podcast here.
Re7 Capital - DeFi liquidity providers