Arbitrum, launched by Offchain Labs, scales Ethereum with optimistic rollups, reducing gas fees by up to 95% and increasing transaction speeds.
The Arbitrum Foundation allocates millions in ARB tokens through grants to support projects boosting adoption, infrastructure, and community within the ecosystem.
Grants funded projects like GameOn, resulting in measurable growth such as increased Total Value Locked (TVL), volume, and daily active users (DAUs).
The Foundation's future plans include initiatives like the DeFi Renaissance Incentive Program (DRIP) and grants for L3 chains and Rust/C++ dApps to further enhance the ecosystem.