Arbitrum is currently the largest L2 network on the market. It has overtaken Base and Optimism in terms of daily users and ranks fourth among all decentralized application platforms, trailing only Ethereum, TRON and BSC.
🚀However, there is every reason to believe that Arbitrum will soon enter the top three. That's why:
* Arbitrum recently launched their own Orbit networking tool in their ecosystem. This enables developers to create their own separate chain structure that is hosted on one of Arbitrum's second-tier blockchains.
* Arbitrum is preparing a Stylus update that will allow you to create applications written in popular programming languages such as Rust, C, and C++. This will attract new projects and developers to the Arbitrum network.
* Ethereum is coming soon with the EIP-4844 update (Q4 2023), which will make L2 networks cheaper to use. And commissions are what can attract new users and developers.
* The Arbitrum community is actively discussing the integration of ARB token staking at ~10% APY, which may increase interest in Arbitrum and the ARB token. However, this is not a very convincing idea. She was supported by only 66% of the community.
* There is also a possibility that Arbitrum will hold additional ARB Token Drops (instead of staking), which is one of the best tools for attracting users and developers.
In summary, the Arbitrum network is just beginning to take the lead. There are chances that it will soon overtake BSC for TVL and enter the top three smart contract platforms. Anyone up for it?
