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What is Arbitrum? – All You Need to Know About This Ethereum Scaling Solution

  • Arbitrum is a layer-2 network built atop the Ethereum blockchain that offers cheap transaction costs and exceptional transaction speeds.
  • Arbitrum works by processing smart contracts and transactions off-chain using an optimistic rollup approach.
  • Popular decentralized apps running on Arbitrum include Curve, Abracadabra, Pendle, and SushiSwap.
  • Arbitrum has its native cryptocurrency, ARB, used for governance and with a market valuation of $1.92 billion.

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