Uniswap showed the way, Suhiswap is copying and expanding to Arbitrum, a second-layer solution for Ethereum.
As a reaction to the high network fees at Ethereum for months, second-layer solutions are becoming more and more important for projects in the DeFi sector. One of them is currently attracting a lot of attention: Arbitrum. The platform from Offchainlabs, whose founding team consists of former lecturers from the US elite University Princeton, only went live as a beta version two days ago. After the Uniswap Community has already voted for integration into the V3 protocol, the SushiSwap offshoot is now following.
With the brief words “in action”, a SushiSwap co-founder indicated the move via Twitter. So that emancipated the third-largest integrated token DEX ever further from Ethereum. In March SushiSwap CTO Joseph Delong made the integration of decentralized exchange on five other networks known, including polygon and Binance.
A few more DeFi projects are likely to join Uniswap and SushiSwap in the near future. According to the latest blog post from Offchainlabs, over 250 teams have already requested access to Arbitrum. For good reason. Arbitrum is the first second-layer solution that is fully compatible with the Ethereum Virtual Machine (VME) and guarantees a smooth smart contract connection. To do this, it is based on the Optimistic Rollups process. For DeFi users, too, the second-layer solution should literally pay off. The developers forecast 50-fold reductions in gas fees.
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