Forbes research published a list of 20 crypto billion-dollar zombies.
These are L1s with high valuation but "are unproven and have little utility other than for speculative crypto trading."
Notable mentions: $STX, $ICP, $FTM, $ADA, $EOS...
The blobs have landed on Arbitrum! 💙
🐡 ArbOS 20 "Atlas" is now live, blobs are in effect, reducing data posting costs.
⛽ Additional execution gas fee reductions for Arbitrum One will go live on March 18.
More details below 👇
So
@arbitrum
is super fast, has giant liquidity, fraud proofs, lets you customize your chain, and supports EVM + WASM. I guess the only thing missing is a mobile phone?
I just paid $.01 in network fees to mint a cool
#Arbzuki
NFT on
@arbitrum
. If Stylus ends up reducing gas on Arbitrum even further, I think some kind of wormhole might open.
The fact that
@arbitrum
helped the Uniswap community avoid a bad scenario makes me proud to work with a team that makes such solid technology and helps make the world a little better
Earlier the price of $UNI rapidly jumped by 50%! Naturally this led to concern for liquidations and bad debt to accrue after such fast price movement.
Thanks to the speed of
@arbitrum
and robustness of our system,
@Dolomite_io
liquidated quickly and no bad debt accrued!
Excited about this? The
@arbitrum
BOLD AIP has been updated to propose paying a service fee to active proposers based upon Composite Ethereum Staking Rate (CESR)
@coinfund_io
After over a decade in tech product marketing, 1 rule stands out: Never throw shade at your competition when they ship. Let them have their day, just like you'll have yours. They earned it. Respect your competition and that their A game make yours better, too.
Laying the groundwork for Stage 2 is just the opening act. Yes, you can now run your own
@arbitrum
validator and there are shared staking pools, too (see blog). Where this goes from here is up to the community....because decentralization.
Fraud Proofs took us to a Stage 1 rollup.
Today, with BOLD, we’re on our way to becoming a Stage 2 rollup!💙
BOLD, permissionless validation on Arbitrum, is now live on testnet! 🧵
So according to this chart, because
@arbitrum
publishes the most call data, ArbOS Atlas' EIP-4844 support will reduce L1 fees for the collective
#Ethereum
ecosystem more than any other single L2. Proud of the
@OffchainLabs
team for doing good
This made my Valentines Day! Not just for the great partnership, but also because
@arbitrum
supporting
@apecoin
means showing my normie wife something she's heard of before
Arbitrum 🤝 ApeChain
We’re thrilled to welcome such a passionate and highly engaged community
@apecoin
to the Arbitrum ecosystem.
@HorizenLabs
will lead growth efforts with an initial focus on onboarding and nurturing the Ape gaming ecosystem.
The Ape community is a driving
Increasing L2 decentralization means increasing community empowerment. What types of ERC20 tokens can be staked in the future? What are the economic incentives for validation? Can we make pooled staking easier? BOLD lays a path for the
@arbitrum
community to decide
Yesterday BOLD testnet went live, today the AIP for BOLD is live in the ArbitrumDAO forum!
For Arbitrum chains, BOLD proposes unlocking:
✅ Greater decentralization via permissionless validation
⚔️ Enhanced security
🤝 Pooled challenge funding
These PhD chads are some of the geniuses who wrote this for BOLD. Come level up your understanding of why
@arbitrum
is the most technically sophisticated Ethereum scaling solution.
Are you ready BOLD enjoyors?
Tune in tomorrow at 11:30 am ET for a live BOLD AMA with the big brains behind BOLD.
We’ll be covering:
- BOLD testnet release
- Core technical and staking concepts
- The benefits
- What’s next
See you there! 🫡
New research from
@AustinAdams10
shows L2s aren’t just good for gas savings
Compared to Ethereum, the data shows that on L2s:
✅ 97.5% of swappers get better pricing
✅ LPs see ~20% larger arbitrage returns
✅ Low gas leads to more capital efficiency
Credit to
@on_datawarlock
for this amazing graph.
@arbitrum
One has ~2x the transaction volume, with ~1/50th the gas costs, after the Atlas upgrade. So 50x savings, at twice the volume. No major congestion.
It's hard to imagine all the future use cases that can happen when EIP-4844 via ArbOS Atlas gets combined with custom Orbit chains and
@arbitrum
Stylus, DA layers, shared sequencers, and BOLD.
What does ArbOS 20 “Atlas” mean for users and developers on Arbitrum?
One of the main objectives is to ensure Arbitrum is ready on Day 1 to support Dencun once it goes live on Ethereum mainnet. 👇
The big 🧠's in the community working on
@arbitrum
continues to grow.
@0xCygaar
has been an early visionary and champion for Stylus since the first public testnet and is a stone cold expert on its potential. Excited to see where this goes.
Today I'm open sourcing inkmate 🖋️, a set of gas-efficient smart contracts written in Rust 🦀.
inkmate will include core contracts such as ERC20, ERC721, ERC721A to make it easy for developers to deploy efficient Rust contracts on Arbitrum Orbit chains that support Stylus.
And to make it even crazier:
@arbitrum
Nova + One = 29.67. zkSync + Ethereum + Base = 29.78. So almost a tie between Arbitrum chains and the rest of the top 5.
Arbitrum Nova processed more transactions today than Ethereum and every other L2.
Yes you read that correctly…
Arbitrum *Nova*, the chain focused on gaming and social.
Gaming on Arbitrum is going 📈.
Introducing Timeboost; a new tx ordering policy for Arbitrum chains.
Check out the AIP that just went live on the forums for the inclusion of Timeboost on Arbitrum One and Arbitrum Nova.
Over my career, I've spent time working with Microsoft, HP, different Linux projects, and numerous Silicon Valley VC startups; the deep bench of 🧠talent at
@OffchainLabs
working on
@arbitrum
and
@prylabs
is as overpowered as I've ever encountered
It's here! I've had the honor of working alongside the Prysm team at
@OffchainLabs
to deliver Deuncun EIP4844. This was probably the most thrilling and rewarding experience throughout my entire time working in Ethereum 1/
We've seen some aggressive claims about EIP-4844 savings for Ethereum L2s, but big numbers should be viewed with caution at this stage as there are simply so many variables at play. This
@offchainlabs
blog unpacks possible pricing outcomes, not just for
@arbitrum
but any Eth L2
What does EIP-4844 mean for users on L2? 👀
Our Co-founder and Chief Scientist
@EdFelten
, researcher
@kakia1989
, and
@DavideCrapis
from the Ethereum Foundation share their research on data savings for rollups using blobs.
Let's dive in👇
Ten years ago today, I drew a diagram on my office whiteboard at
@princeton
. It showed what is today called an “interactive fraud proof”. This was the seed from which Arbitrum grew. 🧵
Execution will now be the bottleneck for all the big L2s that have significant usage.
@arbitrum
Stylus will help address this by improving compute efficiency. Oh and you'll be able to run it with Orbit L3s running on non-Arbitrum L2s
Base did a whopping $1.57M in transaction fees yesterday, paying only $5k to post the data to Ethereum.
The shows 1) DA is not the bottleneck, execution is and 2) the users are here and have a high demand for blockspace. We'll see if this level of activity sustains
Via the permissionless profit-sharing model of the program, Orbit chains are granted the rights to make customized L2s or L3s that settle to Ethereum directly or other Ethereum L2s such as optimistic rollups, zk-rollups, optimiums, and validiums.
A portion of the profit sharing
@econoar
@Evan_ss6
Algorithmic feedback loops drive cognitive bias. If you engage with builders, you see more stuff being built. Vice versa for gamblers.
NGL, I took a screenshot of this moment (maybe I'll mint an NFT) as ArbOS Atlas marches forward in bringing lower costs and more freedom to
@arbitrum
chains. And for a deep dive on EIP-4844 economics, check out
@EdFelten
and
@kakia1989
's great work
A great example of the Freedom
@arbitrum
brings to builders and our RaaS provider partners. Yep, you can even build an Orbit L3 on top of OP via
@conduitxyz
and with Celestia DA. For AI.
L2 execution costs are one of the next major battles for unlocking new use cases for Ethereum.
@arbitrum
Stylus is already doing that for projects like
@renegade_fi
and more to come
#Arbitrum
is living its community values of being neutral and open -- Orbit chains are not required to submit to shared or external governance. Freedom.
The Program provides support for teams looking to highly customize their chain configuration, including dedicated blockchain space, custom gas token, native account abstraction, alternative data availability layer choices, and other potential future services from the Arbitrum
@renegade_fi
developing on
@arbitrum
Stylus is great use case example of something that was very hard or impractical to do on the blockchain becoming practical and possible. Can't wait to see what additional use cases builders create this year
@adamscochran
Well, if you hold it at Vanguard (because you acquired it before their ban on buying crypto ETFs), if you sell it you can't buy back in to a different ETF with a cheaper ER.
We’d like to take a moment to celebrate the achievements of all amazing women building and shaping the path for greater diversity and inclusion in Web3.
Let’s keep building for the future of Web3, together.
Happy International Women’s Day from Offchain Labs!
Wanna look like you graduated from Arby’s? We’re making this sweet Arby’s letterman jacket available on eBay. Proceeds benefit
@ArbysFoundation
. Bid on this bad boy at from 3/25-3/28.
@frantzfries
I was interacting with a chat session with a big online pet food seller. I *think* it was a bot. When I told it I needed to cancel my subscription because my cat died, it not only gave me a refund, it sent us a bouquet of flowers.
Today we’re unveiling Injective’s inEVM integration with Arbitrum Orbit to bring a fully customized interoperable rollup across Cosmos and Ethereum.
Built by
@injective
&
@calderaxyz
, inEVM enables ultra-fast transaction speeds across Injective, Cosmos, and Arbitrum.
Details👇
Yes rollups are cheaper than L1 but there's room for more gas savings.
Checkout this article that focuses on different ways to save gas on rollups.
1. Data compression
2. Proto Dank Sharding (EIP 4844)
3. Alternate DA solutions
4. Using wasm + evm
Arbitrum support just added!
In action:
Here's a capture of an L2 batch being submitted to L1. The postman spins around behind his desk, then corresponding ETH transactions come out of the top-left house. Those little touches by
@txstreetCom
👌
Amazing to see the huge UX improvement
@conduitxyz
is bringing to deploying custom
@arbitrum
Orbit chains. This is just as easy as deploying Linux VMs on Azure or AWS. Maybe easier, actually.
Use the
@Arbitrum
stack to deploy your own Orbit chain 🔵
Enjoy fast block times (250ms) and no upfront data availability costs, with an option to lower fees even further by utilizing Arbitrum AnyTrust for DA
Agree with Vitalk, there has been too much L2 washing.
Vitalik: "By the end of the year, I think our standards should increase and we should only treat a project as a rollup if it has actually reached at least stage 1."
@arbitrum
is freedom. Orbit gives you the ability to have your own block space, custom gas token for bespoke chain economics, technical customizability, and (if you have an L2) freedom from shared governance
L2s started as a scaling solution but their value prop is now more about self sovereign space for communities
Ironically Solana etc. will need L2s quickly... not for technical scaling reasons but to compete on the self sovereign value prop
@BFreshHB
My brother is an economics professor, but also a longtime WoW and Diablo player, and that's exactly how I explained it to him. Seemed to click.
@RaoulGMI
The ability to directly embed property rights into digital assets, monetize usage, distribute revenue streams amongst holders, & create new governance structures will be transformative as invention of public stock companies. Ferguson's "Ascent of Money" worth a re-read in 2021
EIP-4844 support for
@arbitrum
is now inevitable.
@tallyxyz
on-chain ArbOS Atlas AIP vote has already gained majority support and once the vote officially closes tomorrow, the next steps will be set in motion.
ArbOS 20 Atlas, which brings the Dencun upgrade to Arbitrum chains, has activated on Arbitrum Sepolia as of Feb 29 2024 13:00 ET 🎉
Stay tuned for updates on the DAO proposal for Arbitrum One and Nova!
@peterhaymond
@arbitrum
Also 2024:
@arbitrum
in ArbOS Atlas reduces L1 surplus fee per byte from from 2 gwei to 0, and minimum L2 base fee from 0.1 gwei to .01 gwei.
@adamscochran
We're excited to see what people create under this model, which we created based on input from various project teams. Stay tuned for more
What target demographic am I?
Today I (true story):
1. Sold previous-employer Mag 7 stock for long term gains
2. Offset those gains by tax loss harvesting short term TIPS fund
3. Put the proceeds into restaking
🦀🚀 Introducing Arbitrum Stylus x OpenZeppelin! 🚀🦀
We're thrilled to announce the expansion of OpenZeppelin Contracts and Defender to Arbitrum Stylus, on top of our commitment to provide top-notch security services to builders in the ecosystem.
@karelvuong
It's a bit of a false dichotomy.
@arbitrum
Orbit, for example, let's use you use the Arbitrum stack without submitting to shared governance if you want make your own L2 that settles directly to Ethereum
💥 BREAKING: The results of the Arbitrum competitive audit are in!
Props to
@xuwinniexu
for finding both high-risk vulnerabilities in this audit and running away with $105,573.46!
Much respect to
@arbitrum
for their commitment to the highest security outcomes
More 👇
@arixoneth
Users on L2 pay a combination of L1 fees and L2 fees. If an L2 decides to subsidize L2 fees below market cost, things could get (unsustainably) cheap. The problem for the Ethereum community is this can lead to serious downsides, including increased spam
@sassal0x
@arbitrum
ArbOS Atlas will be executed tomorrow morning (ET). We expect blob tx to be visible and pricing to start to change a few hours after that.
@0xCygaar
I'm going to date myself, but it reminds me of technology investing circa mid-1990s, when you had publicly traded companies like 3Com in the business of making NICs. I was just a kid, but I don't know how the normies processed that
Stylus makes
@arbitrum
a strong dark-horse competitor as a zkp-verification network
Many zkp systems are not yet provable in a smart contract, but have verifiers that can compile to WASM
Arbitrum already has all the interop infra in place
Submit proof to Arbitrum -> bridge