Arbitrum Ecosystem Progress: The New Chain Orbit is Gaining Momentum, Strengthening the Ethereum Application Ecosystem
Since the beginning of the year, the Orbit chain has attracted over 55 projects, covering DeFi, Gaming, NFT, and Infra.Author: Deep Tide TechFlow
Introduction
Recently, due to the popularity of other public chains, the attention on Ethereum seems to have diminished.
Is there any way to bring Ethereum back to the center stage?
Recently, Vitalik Buterin mentioned in a podcast that the future focus will be closer to the "application layer."
If Ethereum's next direction is to vigorously develop "applications," then among the existing Layer 2 solutions, Arbitrum 's newly launched Orbit is definitely something you need to pay attention to.
From One, Nova to Orbit: Arbitrum's Layout for Ethereum's Future
If users have felt confused about market trends and Ethereum's development during this period, then Arbitrum Orbit may reignite your hope.
First, data from Growthepie shows that in terms of stablecoin market capitalization and TVL, Arbitrum ranks first with 4.3 billion and 17.1 billion respectively. This also forms the foundation for the explosive growth of the Arbitrum ecosystem.
Why is Orbit important?
For Arbitrum, users may be more familiar with Arbitrum One and Arbitrum Nova.
Arbitrum Orbit, as the latest product launched, allows users to build their own L2/L3. The following image will mainly showcase the differences among them.
The structural relationship is as follows: developers can customize L3 through Orbit and place the settlement layer on any Ethereum L2, or they can customize L2 through Orbit, with the settlement layer being Ethereum.
Recently, the Arbitrum Foundation has proposed to ArbitrumDAO to consider allowing Orbit chains to be deployed on any public chain such as Bitcoin, BNB Chain, Cosmos, etc.
This proposal has now passed with over 99% support. This proposal will increase ArbitrumDAO's revenue and may have a positive impact on the long-term development of the Arbitrum ecosystem.
How is Orbit currently developing?
Orbit Progress and Project Overview
From the beginning of the year until now, the Orbit chain has attracted over 55 projects, covering DeFi, Gaming, NFT, and Infra. Among them are several leading projects, such as Degen Chain, DODO Chain, Plume Network, etc.
Additionally, there are over 100 projects currently in deployment.
Overall, if the Ethereum ecosystem shifts towards more application development, Orbit will undoubtedly be an important part of it. Having been established for over a year, the Orbit ecosystem has begun to take shape. Next, if a wealth effect occurs within the ecosystem, Orbit, Arbitrum, and the Ethereum ecosystem will surely attract more attention.
To learn more about Arbitrum's progress, please follow the Chinese official Twitter: https://x.com/arbitrum_cn
