Arbitrum DeFi Ecosystem (2024)

DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. We have 196 DeFi projects listed and 46 of them built on Arbitrum.

Ethereum DeFi	161
BNB DeFi	41
Arbitrum DeFi	46

Ambire

Ambire Wallet is a user-friendly crypto wallet for both beginners and experienced users with a simplified UI.

Coinbase Wallet

Coinbase Wallet is a mobile crypto wallet supporting multicoin assets as well as ERC-20 tokens and ERC-721 collectibles. Coinbase Wallet also provides access to Web 3 Decentralized Applications (dApps) powered by Ethereum smart contracts.

Gnosis Safe

Gnosis Safe is a smart contract-based wallet enables users to manage their funds and interact with decentralized applications on Ethereum. Interview with the Gnosis Safe Team.

MetaMask

MetaMask is a browser extension that allows users to run Ethereum dApps and interacting with smart contracts. MetaMask Alternatives

Rabby Wallet

Rabby Wallet is a Web3 wallet that offers a smooth multi-chain experience by automatically switching to the corresponding chain based on your visited Web3 dApp.

Rainbow

Rainbow is a fun, simple, and secure Ethereum wallet that makes managing your assets a joy.

XDEFI Wallet

XDEFI Wallet is a cross-chain wallet extension. It is the world’s only wallet with native integrations on THORChain, Ethereum + several EVM networks and Terra.

Zapper

Zapper is a system focused on abstracting away the complexities of composing and accessing the most innovative opportunities in open finance. Interview with the team.

Zerion

Zerion is an investment interface for decentralized finance, providing users with a single place to manage their entire DeFi portfolio in a non-custodial way. Interview with Zerion co-founder.

Aevo

Aevo is a decentralized derivatives exchange, focused on options. The exchange runs on a custom EVM roll-up that rolls up to Ethereum. Aevo operates an off-chain orderbook with on-chain settlements.

Hegic

Hegic is on-chain options trading protocol, allowing you to buy ETH call and put options as an individual holder (buyer) or sell ETH call and put options as a liquidity provider.

Lyra

Lyra is a decentralized options exchange on Optimistic Ethereum, giving traders access to crypto markets with low fees and subsecond transaction speeds.

NFTX

NFTX is a platform for making ERC20 tokens that are backed by NFT collectibles and governed by a community-owned protocol. Interview with core contributor.

Olympus DAO

Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets in the Olympus treasury, giving it an intrinsic value that it cannot fall below.

SynFutures

SynFutures is a permissionless web3 infrastructure for derivatives. It enables crypto risk management functions to hedge your portfolio risks in any asset, anywhere, at any time.

Beefy Finance

Beefy Finance is a Multi Chain Yield Optimizer that enables users to get maximal return on their assets while removing the cost and hassle of daily harvest.

Harvest

Harvest automatically farms the highest yield available from the newest DeFi protocols, and optimizes the yields that are received using the latest farming techniques.

Pickle

Pickle allow users to deposit tokens from liquidity pools such as Uniswap or Curve, and then execute sophisticated strategies that maximize the returns of the depositor

Yearn.finance

Yearn.Finance automates yield-maximizing profit switching opportunities for liquidity providers and yield farmers.

1inch.exchange

1inch.exchange split the order to several decentralized exchanges like UniswapExchange, KyberNetwork, Bancor and RadarRelay to avoid high price slippage. Interview with 1inch CTO. 1inch alternatives.

Balancer

Balancer Exchange allow you to swap ERC20 tokens trustlessly across all Balancer’s liquidity pools.

Curve

Curve is an exchange liquidity pool on Ethereum designed for extremely efficient stablecoin trading. Interview with Curve Finance founder.

DexGuru

DexGuru is a trading platform for modern traders where in-depth on-chain analytics combined with trading capabilities.

Dodo

DODO is a on-chain liquidity provider which leverages the Proactive Market Maker algorithm (PMM) to provide on-chain and contract-fillable liquidity for everyone. DODO: Capital-Efficient Decentralized Exchange, Interview with co-founder Diane Dai.

KyberSwap

KyberSwap is a multi-chain decentralized exchange (DEX) aggregator which provides traders with the best token prices by analyzing rates across over 60 DEXs across 12 chains. Interview with Loi Luu, CEO and co-founder of Kyber Network.

Matcha

Matcha is a crypto trading platform with smart order routing powered by 0x. Matcha aggregates liquidity from multiple sources, including 0x, Kyber, Uniswap, Oasis, Curve, and others. Matcha Alternatives

ParaSwap

ParaSwap is a decentralized exchange aggregator that provides the best prices over multiple DEXs on the Ethereum, and many others EVM blockchains. Interview with ParaSwap CEO and founder, Mounir Benchemled.

Slingshot

Slingshot is a web3 trading platform aggregating DEX liquidity.

SushiSwap

The SushiSwap exchange allows users to swap any ERC20 token into any other ERC20 token through automated liquidity pools

Uniswap

Uniswap is an automated fully decentralized token exchange on Ethereum. Uniswap Explained - In-Depth DeFi Guide. Uniswap Alternatives.

GMX

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and let you trade top cryptocurrencies with up to 30x leverage directly from your wallet.

LlamaNodes

LlamaNodes is a low-latency, privacy first RPC provider - with dynamic load-balancing, autoscaling, and globally redundant infrastructure.

snapshot

Snapshot is a off-chain, gasless, multi-governance community polling dashboard

tally

Tally is a voting dashboard, aggregating data from defi protocols’ governance and providing it in real-time for research and analysis. Interview with co-founder.

Aave

Aave is an Open Source and Non-Custodial protocol that let you earn interest on deposits & borrow assets on multiple chains. Aave Protocol - Innovative DeFi Lending, interview with the founder

Abracadabra

Abracadabra.money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin.

Alchemix

Alchemix is a future-yield-backed synthetic asset platform with flexible instant loans that repay themselves over time and community DAO. The platform advances your yield farming via a synthetic token representing a fungible claim on any underlying collateral in the Alchemix protocol

Compound

Compound is an open-source, autonomous protocol built for developers, enable algorithmic, efficient money markets on the Ethereum.

Mai Finance

Mai Finance let you mint stablecoins without having to sell your crypto assets, and do so at 0% interest.

APY.Vision

APY.Vision is an all-in-one analytics dashboard for liquidity providers and yield farmers

DeBank

DeBank is a dashboard for tracking your DeFi portfolio, with data and analytics for decentralized lending protocols, stablecoins, margin trading platforms and DEXes.

DefiLlama

DefiLlama is a multi-chain TVL stats dashboard, where data connectors contributed and maintained by a community

Dune Analytics

Dune Analytics allows you to instantly create and share analysis of Ethereum data. Smart contract data is converted to a human-readable format that can be queried with SQL. Interview with Dune Analytics co-founder.

L2beat

L2BEAT is an analytics and research website about Ethereum layer 2 scaling. Here you will find in depth comparison of major protocols live on Ethereum today.

Nansen

Nansen is an analytics platform for Ethereum, which combines on-chain data with a massive and constantly growing database containing millions of wallet labels. Interview with Alex Svanevik, co-founder and CEO of Nansen

vfat.tools

Vfat.tools is a minimalist yield farming dashboard and farming calculator where you can find the most popular farms and their APY

As a seasoned enthusiast in the field of decentralized finance (DeFi), my expertise spans a wide range of concepts, protocols, and platforms within the rapidly evolving landscape of blockchain and cryptocurrency. I've actively followed the developments in the DeFi space, staying informed about the latest projects, technologies, and trends.

See Also

Managing access to the Zendesk API

The article you provided delves into various aspects of the DeFi ecosystem, highlighting key projects and platforms. Let's break down the information and explore the concepts associated with each mentioned entity:

Arbitrum: A layer 2 scaling solution for Ethereum, facilitating faster and more cost-effective transactions.
Ambire Wallet: A user-friendly crypto wallet designed for both beginners and experienced users with a simplified user interface.
Coinbase Wallet: A mobile crypto wallet supporting multiple assets, ERC-20 tokens, and ERC-721 collectibles, providing access to Web 3 Decentralized Applications (dApps) powered by Ethereum smart contracts.
Gnosis Safe: A smart contract-based wallet enabling users to manage funds and interact with decentralized applications on Ethereum.
MetaMask: A browser extension allowing users to run Ethereum dApps and interact with smart contracts.
Rabby Wallet: A Web3 wallet offering a smooth multi-chain experience by automatically switching to the corresponding chain based on the visited Web3 dApp.
Rainbow: A secure Ethereum wallet with a user-friendly interface for managing assets.
XDEFI Wallet: A cross-chain wallet extension with native integrations on THORChain, Ethereum, and several EVM networks.
Zapper: A system focused on abstracting away complexities in open finance, providing opportunities for managing DeFi portfolios.
Zerion: An investment interface for decentralized finance, allowing users to manage their entire DeFi portfolio in a non-custodial way.
Aevo: A decentralized derivatives exchange focused on options, operating on a custom EVM roll-up that rolls up to Ethereum.
Hegic: An on-chain options trading protocol, enabling users to buy or sell ETH call and put options.
Lyra: A decentralized options exchange on Optimistic Ethereum with low fees and subsecond transaction speeds.
NFTX: A platform for creating ERC20 tokens backed by NFT collectibles and governed by a community-owned protocol.
Olympus DAO: A decentralized reserve currency protocol based on the OHM token, backed by a basket of assets in the Olympus treasury.
SynFutures: A permissionless web3 infrastructure for derivatives, enabling crypto risk management functions.
Beefy Finance: A Multi-Chain Yield Optimizer for maximizing returns on assets while simplifying daily harvest processes.
Harvest: An automated yield farming platform optimizing yields from DeFi protocols.
Pickle: A platform allowing users to deposit tokens from liquidity pools and execute sophisticated strategies to maximize returns.
Yearn.finance: An automated yield-maximizing platform for liquidity providers and yield farmers.
1inch.exchange: A decentralized exchange aggregator splitting orders across multiple decentralized exchanges to avoid high price slippage.
Balancer: An exchange allowing trustless swapping of ERC20 tokens across liquidity pools.
Curve: An exchange liquidity pool on Ethereum designed for efficient stablecoin trading.
DexGuru: A trading platform providing in-depth on-chain analytics combined with trading capabilities.
Dodo: An on-chain liquidity provider leveraging the Proactive Market Maker algorithm to provide on-chain liquidity.
KyberSwap: A multi-chain decentralized exchange aggregator analyzing rates across various DEXs.
Matcha: A crypto trading platform with smart order routing powered by 0x, aggregating liquidity from multiple sources.
ParaSwap: A decentralized exchange aggregator providing the best prices over multiple DEXs.
Slingshot: A web3 trading platform aggregating DEX liquidity.
SushiSwap: An exchange allowing users to swap ERC20 tokens through automated liquidity pools.
Uniswap: An automated decentralized token exchange on Ethereum.
GMX: A decentralized spot and perpetual exchange supporting low swap fees and zero price impact trades.
LlamaNodes: A low-latency, privacy-first RPC provider for decentralized applications.
snapshot: An off-chain, gasless, multi-governance community polling dashboard.
tally: A voting dashboard aggregating data from DeFi protocols' governance in real-time.
Aave: An open-source and non-custodial protocol for earning interest on deposits and borrowing assets on multiple chains.
Abracadabra: A lending platform using interest-bearing tokens as collateral to borrow a USD pegged stablecoin.
Alchemix: A future-yield-backed synthetic asset platform with flexible instant loans and a community DAO.
Compound: An open-source, autonomous protocol enabling algorithmic, efficient money markets on Ethereum.
Mai Finance: A platform allowing users to mint stablecoins without selling their crypto assets at 0% interest.
APY.Vision: An analytics dashboard for liquidity providers and yield farmers.
DeBank: A dashboard for tracking DeFi portfolios, providing data and analytics for decentralized lending protocols, stablecoins, margin trading platforms, and DEXes.
DefiLlama: A multi-chain TVL stats dashboard.
Dune Analytics: A platform for creating and sharing analyses of Ethereum data, converting smart contract data into a human-readable format.
L2BEAT: An analytics and research website about Ethereum layer 2 scaling.
Nansen: An analytics platform for Ethereum combining on-chain data with a growing database containing millions of wallet labels.
vfat.tools: A minimalist yield farming dashboard and farming calculator.

In conclusion, the DeFi ecosystem is rich and diverse, encompassing a multitude of projects and platforms that contribute to the decentralization and transparency of financial services. The mentioned concepts cover wallet solutions, decentralized exchanges, yield optimization platforms, governance tools, analytics dashboards, and more, reflecting the multifaceted nature of the DeFi space.

FAQs

What is the arbitrum ecosystem? ›

Arbitrum, is an Ethereum layer-two scaling solution, which leverages optimistic rollups to enhance speed, scalability, and cost-efficiency, maintaining Ethereum's security and compatibility. It significantly reduces transaction fees and increases throughput by offloading most computation and storage off-chain.

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Is Solana better than arbitrum? ›

The Verdict. Ladies and gentlemen, the scorecards are in: Solana: Speedy, scalable, and cost-effective. Arbitrum: Secure, Ethereum-compatible, and gas-friendly.

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What is the arbitrum Layer 2 solution? ›

Arbitrum is a Layer 2 scaling solution designed to improve the performance of Ethereum-based applications. Developed by Offchain Labs, Arbitrum leverages rollup technology to bundle multiple transactions into a single batch, which is then processed off-chain.

What problem does arbitrum solve? ›

One such solution is Arbitrum, a layer 2 solution designed to enhance transaction throughput and reduce fees while leveraging Ethereum's established security and decentralization.

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Can arbitrum reach $10? ›

The live price of the ARB token is . Arbitrum Price may reach a maximum of $2.52 by the end of 2024. With a potential surge, ARB coin price may go as high as $11.59 by the end of 2030.

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What is the price prediction for arbitrum in 2025? ›

Long-term Arbitrum price prediction for 2025, 2026, 2027, 2028, 2029 and 2030. Based on the historical price movements of Arbitrum and the BTC halving cycles, the yearly low Arbitrum price prediction for 2025 is estimated at $ 0.68224. Meanwhile, the price of Arbitrum is predicted to reach as high as $ 3.21 next year.

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Is it worth it to buy arbitrum? ›

Arbitrum Overview

Our most recent Arbitrum price forecast indicates that its value will increase by 14.26% and reach $0.881188 by July 22, 2024. Our technical indicators signal about the Bearish Bullish 43% market sentiment on Arbitrum, while the Fear & Greed Index is displaying a score of 74 (Greed).

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Is Ethereum better than Arbitrum? ›

Low Fees and Efficient Scalability

Arbitrum addresses this issue by providing users with the ability to conduct transactions at lower costs. This makes using the Arbitrum network more accessible and economically viable for a wide range of users. Arbitrum offers significantly faster transactions compared to Ethereum.

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What is the advantage of arbitrum? ›

Arbitrum offers low transaction costs and faster processing times compared to traditional blockchains. This means that users can execute their crypto transactions more efficiently, without having to worry about high fees or long wait times.

Who is behind arbitrum? ›

Arbitrum is a Layer-2 blockchain designed to scale Ethereum, developed by Offchain Labs. Arbitrum was founded by Ed Felten, formerly President Obama's deputy Chief Technology Officer, Steven Goldfeder (CEO) and Harry Kalodner (CTO). The three co-founders met at Princeton University.

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What gas does arbitrum use? ›

ETH is the currency used to pay gas fees on Arbitrum, and all Arbitrum transactions are powered by ETH. You can bridge ETH (and other tokens) from Ethereum to Arbitrum through Arbitrum's bridge.

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What makes arbitrum unique? ›

Arbitrum is a Layer 2 solution launched in August 2021, designed to address Ethereum scalability issues. It uses optimistic rollups to process transactions off-chain in batches, significantly reducing congestion and fees on the Ethereum mainnet.

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What is the native currency of arbitrum? ›

Even though Arbitrum is Layer 2, the native currency for Arbitrum is Ethereum (ETH). Native currency is the token that is used to pay off the network fees.

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How do you bridge out of Arbitrum? ›

Select the token you want to bridge in the token drop-down menu. You can also enable/disable the token lists by clicking Manage token lists button on the bottom right corner of the drop-down menu. Enter the amount of ETH or ERC-20 tokens you want to bridge over in the From box and then press Move funds .

What language does arbitrum use? ›

Arbitrum Stylus is an execution environment upgrade that allows developers to use programming languages other than Solidity and Vyper, including Rust, C, and C++. Stylus will significantly lower the barrier to entry for Web2 developers by enabling them to use already familiar languages to build on the blockchain.

What is DAO ecosystem? ›

A decentralized autonomous organization or DAO is a member-owned group that operates without centralized leadership using blockchain technology.

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What is the point of arbitrum? ›

Hi! Arbitrum is a technology suite designed to scale Ethereum. You can use Arbitrum chains to do all things you do on Ethereum — use Web3 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster.

What is the business model of arbitrum? ›

Business model:

Arbitrum generates revenue by charging fees for transactions processed on its platform. These fees are competitive with other layer 2 solutions and are designed to be affordable for users.

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