throughout the ~4.5 years Iโve worked at @Offchain Labs, thereโs always been some โlooming doomโ that CT points to as the inevitable โdeath of Arbitrumโ
1st year it was competing with @0xPolygon who was spending 10s of millions to get big web2 partnerships, no way youโre competing with them!
2nd year it was that ZK tech that would kill the need for any optimistic rollup tech bc โvitalik said soโ, your tech is gonna be obsolete!
3rd year it was @base launching, + @optimism launching the superchain campaign, their vision, marketing, and GTM is killer - Arbitrum is done for!
4th year it was Arbitrum is just a bridge to @HyperliquidX, idk why they chose Arbitrum but who cares if itโs just a bridge, nothing else to do!
every step of the way I wondered how is it that we can have so many people cheering us on (builders, ecosystem friends, etc) yet so many nay sayers praying on our down fall all whilst actively being the underdog
if it wasnโt for the:
1) incredible leadership from the @arbitrum eco
2)actual DAO where token holders have power of the purse
3) creation of this platform that works incredibly well today/is pushing the boundaries on whatโs possible onchain
I donโt think weโd be where weโre at today:
- making major partnerships with the biggest fintech companies in the world like @RobinhoodApp
- sitting at #1 as the biggest neutral land of liquidity on @ethereum and top 5 amongst all blockchans
- shipping truly novel tech like stylus, timeboost, BoLD, multi-gas targets, etc
that being said if you still think @VitalikButerinโs post was a death sentence to @arbitrum
we, the ecosystem, looks forward to proving you and everyone else wrong once again ๐
Our vision is to build the enterprise infrastructure for the programmable economy.
@arbitrum powers the infrastructure layer for programmable finance, while @zerodev_app powers the user layer, making onchain applications as seamless as modern internet products.
Together, they provide a fully integrated foundation for businesses to launch, operate, and scale the next generation of financial products.
Today, Mastercard is announcing plans to expand settlement capabilities to include stablecoin, intraday, holiday, and weekend options, giving partners more choice in how and when transactions are settled. That means weโre:
โ Enabling greater choice to settle in fiat or regulated stablecoins
โ Improving liquidity management for time sensitive, cross border flows
Weโre supporting settlement with @Circleโs USDC, @Paxos-issued stablecoins including USDG,USDP and @PayPalโs PYUSD, @Rippleโs RLUSD and @SoFiโs SoFiUSD across a range of supported blockchain networks including Arbitrum, @Coinbaseโs Base, @CantonNetworkโs Canton, Ethereum, @0xPolygon, @Solana, @Tempo and XRPL. ARQ Finance, CBW Bank, @crossriverbank, @Lead_Bank and @Nuvei will be among the first to support.
Congratulations to @bitget for getting @RealityFi_xyz off the ground and bringing tokenized stocks to their global user base.
@arbitrum continues to be the infrastructure of choice for venues w/ large distribution and bringing tokenized assets to their users
S/O @GmWen7
Excited to see @RealityFi_xyz live on @arbitrum with tokenized stocks and ETFs.
Programmable assets + real settlement efficiency is exactly what the programmable economy needs
Canโt wait to bring more usecase for @RealityFi_xyz on @arbitrum
Reality operates on @arbitrum as part of its broader onchain infrastructure for tokenized real-world assets.
As financial markets increasingly move toward programmable and continuously accessible environments, scalability and settlement efficiency become central to how tokenized assets operate at scale.
Arbitrum supports the broader infrastructure layer behind Reality's tokenized equity and real-world asset ecosystem.
๐ฅ NEW: Mastercard expands stablecoin settlement support with USDC, RLUSD, PYUSD, USDG, USDP and SoFiUSD across Ethereum, Solana, XRP Ledger, Base, Arbitrum and Polygon.
Thank you for the shoutout @fundstrat. We remain steadfast and focused on bringing the most sophisticated enterprises and the best builders onchain to @ethereum.
@Offchain will continue to play its part alongside so many other fantastic actors.
So impressed by the range of apps emerging on @arbitrum.
Having witnessed, and even competed with @peterhaymond & @ajwarner90 in the early L2 days, I have always seen them go at bat for builders with the boldest convictions, & now all those swings are paying off.
Arbitrum's perps ecosystem continues to gain momentum.
According to @DefiLlama, average perps open interest on @Arbitrum climbed to a record $1.32B in May, setting a new monthly ATH and reinforcing its position as a leading venue for onchain perps
We built the first app that lets you travel the world by saving money
Credit cards give you points for spending
Symphony rewards you with points for saving
Earn a fixed 5% APY, plus points transferable to the largest airlines and hotels
Let your savings take you places
.@mert is right.
Crypto doesn't scale without privacy, and institutions aren't coming onchain without it.
So we built private wallet funding into a B3OS template:
๐ Shields USDC into @RAILGUN_Project on @Arbitrum
๐ Sits in the pool to build anonymity (you set duration)
๐ Creates a fresh wallet via @turnkeyhq
๐ Unshields through a public relayer
๐ Swaps to ETH and bridges to any chain via @relay
Privately fund a wallet with a pre-built workflow here: https://t.co/JTFkO3KPoG
Crypto token valuations have finally started to mature. Investors (both retail and institutional) are looking for exposure to high quality opportunities. This is objectively a good thing.
I am surprised though by how easily the narrative has turned towards looking at revenue as the purest heuristic for investment. I say this despite being a staunch advocate for many years that not enough emphasis has been placed on sustainability and fundamental business practices in this industry.
The missing ingredient today is that investors are looking at current revenues and not looking at how much revenue a project could be credibly charging. Crypto protocols, particularly blockchains, are not like selling goods. It is extremely hard to optimally maximize price x quantity for what you are selling. The reason for this is because you are charging for compute irrespective of the value of the transaction. Ethereum makes nearly the same amount of money if someone moves $0.01 or $100m.
Five years ago, Ethereum's problem was it charged too much for each transaction, by an order of magnitude. Today, it is probably charging too little by an order of magnitude for the value it provides and secures. Investors are punishing it on both sides.
For Ethereum believers, the good news is that in the long-run this is highly likely to correct. When it does, especially with added scale, Ethereum is going to be in an awesome place. I don't know how to value blockchains, I don't think anyone truly does, but $ETH has the highest demand for any native asset, has the most credibility as censorship resistant money alongside Bitcoin, and it secures hundreds of billions of dollars in assets today. I would expect that to approach a trillion in the next couple of years. It's pricing power is only going to go up not down.
Where Ethereum is at risk in my opinion, is whether it has the right diversity of talent to lead it to that next step. Vitalik and the current EF has an incredibly technical vision for the product and ecosystem and that is good. What Ethereum is trying to solve for has no competitors on the market. But, Ethereum does need others to step up and ensure that the institutions are coming to deploy assets and build on top of it.
@Offchain has been making a concerted effort to be that broader enterprise engine. We have seen incredible demand across @arbitrum@zerodev_app and our other products. The world is moving onchain quickly. The story is realy just beginning.
Our product suite @Offchain continues to drive the growth of debt capital markets via op efficiencies lowering the cost of capital to the end borrower.
If you're a loan originator, borrower, or defi protocol pls find me @Vault__Summit to learn more
cc: @arbitrum@zerodev_app
Robinhood has officially arrived in Canada. ๐จ๐ฆ
Weโve closed our acquisition of WonderFi, marking our entry into Canada through one of the most well-respected crypto platforms in the country.
With 1 million international funded customers, Robinhoodโs mission is going global.