January 11th was a milestone moment for Bitcoin. After ten years of repeated applications, the Bitcoin spot ETF was finally approved, opening a new door for traditional investors. Ethereum is considered to be the easiest narrative to rise after this.
In addition, as Ethereum is about to usher in the Dencun upgrade, EIP with EIP-4844 as the core will effectively reduce L2 transaction fees and improve performance. Therefore, Arbitrum on top of it has also become the focus of market attention.
The Arbitrum ecosystem lives up to expectations and shows vigorous development and great potential. Arbitrum developer Offchain Labs also followed OP Stack and launched Arbitrum Orbit, which can build a dedicated chain. At present, it seems that although the adoption is not as good as OP Stack, it is also expected to accelerate the multi-chain era based on the Ethereum ecosystem.
According to Steven Goldfeder, co-founder of Offchain Labs, there are currently more than 50 Arbitrum Orbit chains under development, and it is predicted that there will be 150 Orbit chains on the mainnet in 2024. Foresight News has taken stock of 20 Orbit ecological projects for readers to explore.
Offchain Labs four product matrix
Before exploring the Arbitrum Orbit ecosystem, let's first review Offchain Labs' four major product matrices, including Arbitrum One (Rollup), Arbitrum Nova (AnyTrust), Arbitrum Orbit and Stylus. Among them, Arbitrum One is an L2 Optimistic Rollup that allows developers to make minimal or no modifications when migrating smart contracts from Ethereum to L2. There are 275 ecological applications counted by the Arbitrum portal, and 442 ecological applications counted by DefiLlama, with a total TVL of US$2.3 billion.
Arbitrum Nova is built on AnyTrust technology and adopts a data availability certification committee, which is more suitable for games, social applications and high transaction volume DApps. Reference reading: " A quick look at the Arbitrum Nova ecology: 2.3 million locked-up volume, the ecology is still in the initial stages of formation "
Arbitrum Orbit, which this article will introduce to its ecosystem, allows you to build your own private chain without permission. Each Orbit chain can be configured to use Rollup or AnyTrust, with custom settings for throughput, privacy, gas tokens, governance, protocol logic, independent product roadmaps, while benefiting from the same EVM+ compatibility introduced by Stylus, also allowing for use with Solidity , C, C++, and Rust to deploy EVM-compatible smart contracts.
Earlier this month, Arbitrum Orbit added support for custom Gas tokens, allowing the Orbit chain to select specific ERC-20 tokens as Gas fees. The importance of this functional support is self-evident and will help Orbit Chain enhance the utility of its own tokens and expand its ecosystem.
Arbitrum Orbit Ecological Summary
According to Foresight News , 18 projects have been disclosed that will use Arbitrum Orbit to launch the Orbit chain. These projects mainly involve games, derivatives, liquidity, NFT and other fields, hoping to use the Orbit chain to achieve low-cost transactions/interactions and high throughput. volume, custom Gas, custom governance, and flexible security models.
In addition, Arbitrum has partnered with Rollup-as-a-service platforms Caldera, AltLayer and Conduit to enable developers to launch their own custom Rollups.
Xai
Xai is an Arbitrum Orbit L3 game-specific chain (using Anytrust technology) co-developed by Offchain Labs, the team behind Arbitrum, and managed by the Xai Foundation. Xai documents show that Offchain Labs will develop and provide services for the Xai blockchain under the guidance of the Xai Foundation, and will also provide ongoing marketing support for the Xai network and ecosystem.
Tailored specifically for gaming, Xai aims to provide an abstracted wallet and account experience for gamers, higher gas and contract limits for developers, and a fully decentralized ecosystem that promotes trust among all participants and transparency.
The main goal of the Xai Foundation is to promote the development of developers and games within the XAI blockchain ecosystem and attract third-party developers and games to join the platform, promote effective marketing strategies for games deployed to Xai, etc.
Xai has also launched the 43rd phase of Binance New Coin Mining. Xai tokens will serve as the main token in the game ecosystem and be used as payment for games and in-game items. Game studio Ex Populus is the first developer to deploy games on Xai and is developing two games, "Final Form" and "LAMOverse". Currently, Xai has launched mainnet. According to the Xai roadmap, its on-chain trading card game "Final Form" will be released in April.
https://xai.games/
Frame
Frame is an Arbitrum Orbit L2 project built for creators and collectors, built using the Arbitrum Nitro technology stack, and will launch mainnet on January 31st.
In December 2023, Frame announced that it had completed a new round of financing, with participation from Electric Capital, 9gag founder Ray Chan, Luca Netz and former Sushiswap CEO 0xMaki.
RARI Chain
RARI Chain is an EVM equivalent chain built on Arbitrum and will be decentralized by the RARI holder community and RARI DAO. Rarible will also integrate RARI Chain into the Rarible protocol (NFT marketplace), as well as into Rarible X, a turnkey marketplace solution.
RARI Chain allows users low transaction costs and supports payments in ETH, USDC or USD via credit card. This is achieved through the integration of RARI Chain with Arbitrum Anytrust data availability.
RARI Chain also works with partners such as Caldera, Gelato, LayerZero, Magic, Rarible, Thirdweb and WalletConnect. For example, LayerZero enables developers to create collections that can be transferred seamlessly between chains through the ONFT standard without fragmentation or external risks; Gas-free minting on RARI Chain is powered by Gelato, and Thirdweb also introduces accounts to the chain Abstract and fiat payments.
https://rarichain.org/
Cometh
In October 2023, Cometh, a Web3 game and DApp development platform, announced that it would cooperate with AltLayer (Rollup as a Service project) and Arbitrum to deploy Layer3 Rollup "Muster". Among them, AltLayer will enable developers to launch highly modular application customization Rollups.
Cometh will also launch the card game Cosmik Battle on Muster, leveraging Arbitrum Orbit’s massive scalability potential, low cost, and fast confirmation times.
https://www.cometh.io/
Syndr
Syndr is an institutional-grade options and futures trading protocol, and its Syndr Chain is an application-specific Layer3 Rollup that will be launched as the Arbitrum Orbit Chain and run in partnership with Caldera. Currently, Syndr Chain has been launched on the Arbitrum Goerli test network.
Syndr also abstracts the underlying architecture to enable a seamless trading experience. In addition, Syndr does not charge gas fees to traders, ensuring that all transactions can be performed without gas fees or MetaMask pop-ups.
https://www.syndr.com/zh
Meliora
Meliora is an Arbitrum Orbit L3 for creating fixed income/credit based application ecosystems by ensuring fast, cost-effective transaction processing using the Arbitrum Orbit Rollup Stack. Meliora contributor Volatilis is also developing the fixed income and regular clearing free lending protocol The CREDIT Protocol.
Meliora uses MELIORA or CREDIT to pay gas fees. According to Meliora's official website, Meliora's native token MELIORA aims to build an ecosystem focused on collaboration and economic incentives, which can be specifically reflected in sequencer, Gas, MEV fee sharing, validator staking, governance and Gas tokens.
The CREDIT Protocol previously stated at the end of November 2023 that it would launch the second quarter testnet on December 1, allowing users to test and earn retroactive Meliora token airdrop points at the same time. However, no relevant progress was released subsequently.
https://meliorachain.io/
OurSong
OurSong is a social music NFT platform. In April 2022, the developer behind it, Our Happy Company, completed a US$7.5 million seed round of financing, led by Infinity Ventures and Animoca Brands, with participation from Cherubic Ventures, Circle Ventures, etc.
Our Happy Company was co-founded by famous musician and producer John Legend, KKBOX founder Chris Lin and Twitch founder Kevin Lin. The company's flagship product OurSong aims to provide a A fairer way to provide digital creation services, monetize their work and build community.
Arbitrum disclosed in October last year that OurSong had joined the Orbit chain ecosystem, but the two parties did not disclose further progress since then.
https://www.oursong.com/
Deri Protocol
Deri Protocol is a decentralized derivatives protocol. In late November 2023, Deri V4 was launched on the Arbitrum mainnet with the support of AltLayer. Deri Protocol said that leveraging the Arbitrum Orbit, Deri V4 is expected to enhance Arbitrum's coverage in various L1 and L2 networks.
https://deri.io/
Hook Protocol
Hook Protocol is an NFT derivatives DEX that supports both perpetual and options. It has released a preview version of the Hook Odyssey testnet in November. Odyssey is a derivatives DEX focusing on NFTs, deployed on the customized Arbitrum Orbit Chain.
https://hook.xyz/
Superposition
Superposition is a DeFi native Layer 3 built on Arbitrum, providing a native, permissionless order book, allowing any developer to take advantage of shared deep liquidity, and also providing a seamless user experience through account abstraction.
Superposition’s roadmap includes Superposition Layer (building an L3 chain on Arbitrum One), Superposition DEX and cross-chain. Superposition is leveraging Orbit technology to achieve dedicated throughput, native account abstraction, and higher performance/lower cost for Stylus.
https://www.superposition.so/
Nitrogen(AltLayer)
Rollup-as-a-service protocol AltLayer launched on January 10th Nitrogen, an Arbitrum Orbit public testnet that uses Celestia as a modular DA, is protected with Arbitrum Nitro fraud proofs, and integrates with Celestia Blobstream on Arbitrum Sepolia.
With Nitrogen, L2 transaction data is written to Celestia as blobs rather than published as Ethereum call data. Once the data is attested by the Celestia validator set, the generated DA proof is stored in the Blobstream DA contract on Ethereum, making the calldata cost almost negligible.
AltLayer said that with Celestia, developers can now deploy the Orbit chain like a smart contract with minimal setup time or overhead.
https://altlayer.io/
Parallel Network
Parallel Network is a full-chain Layer 2 scaling solution built on Ethereum and powered by Arbitrum Orbit, designed to unify the liquidity of any chain into one place. Parallel Network is powered by Arbitrum's Nitro stack, Conduit, and cross-chain interoperability protocol Socket.
Parallel Network also provides support for Parallel's ERC-4337 account abstraction through a partnership with account abstraction infrastructure Pimlico.
The Parallel Network mainnet has been opened to developers and currently allows users to bridge ETH to Parallel through an early access program. Parallel’s official website has an airdrop section, but no detailed information has been disclosed.
https://bridge.parallel.fi/
Kinto
The Layer2 network Kinto was originally a Layer2 network based on OP Stack that complied with KYC standards and was designed to connect financial institutions and real-world assets through DeFi. In November last year, Kinto decided to launch as part of the Arbitrum Orbit ecosystem.
Kinto is an L2 Rollup based on Arbitrum Nitro technology as an Optimistic Rollup in parallel with Arbritrum One and Nova, providing KYC, insurance, and AML and fraud monitoring at the blockchain level. All participants are KYC verified and the network continuously runs AML on all participants. Transactions can only be executed by verified participants.
60% of KINTO, the Kinto network's governance and utility token, is allocated to community members, the majority of which will be distributed to users and developers building on top of it, and 25% to Pre-Seed, Seed, investors and advisors (three annual vesting period), 15% is allocated to team members (three-year vesting period).
According to Kinto documentation, the network will be fully released in February 2024, and Engen (trial release) has been launched.
https://kinto.xyz/
Avive World
Avive World is a DePin and UBI project on Arbitrum and a token-gated community. It has launched the Avive testnet on Arbitrum Orbit through cooperation with AltLayer.
Avive World uses the Proof of Network (PON) mechanism to encourage users to actively develop social relationships in the Avive ecosystem and reward users for their meaningful participation, contribution and support in the community.
Partners listed on the Avive World official website include Arbitrum, OKX, AltLayer, Biconomy, Particle Network, etc.
https://www.avive.world/
Fiefdom
Fiefdom is an Orbit chain powered by Arbitrum Anytrust, designed for gaming and trading in the Metaverse. As a Layer3 network, Fiefdom provides low-latency, low-cost transactions. FIEF token serves as the Gas token of the Fiefdom network.
Its Fief Protocol is a multi-chain platform that allows trading of Metaverse assets and earning rewards through the FIEF token, with decentralized fee sharing.
https://www.fief.gg/
Alpha Dune Network
Powered by Arbitrum Nitro, Alpha Dune Network is a loyalty-driven, gaming-centric chain. Caldera will help Alpha Dune launch and manage dedicated rollups for its Web3 gaming applications such as Houndrace and Dune Crown. Alpha Dune will also use Celestia as its primary data availability solution.
https://alphadune.com/
Polychain Monsters
Polychain Monsters is a multi-chain NFT collection and gaming ecosystem. It previously stated in October last year that it would cooperate with AltLayer to introduce a full-chain monster battle system. Additionally, Polychain Monsters will launch custom chains using Arbitrum Orbit chains.
Sanko GameCorp
Sanko GameCorp is an on-chain game studio that plans to release a game console and arcade "Dream Machine" built natively on Arbitrum. Sanko GameCorp plans to launch the Orbit chain through Caldera.
