Original author: TechFlow
introduction
Recently, due to the popularity of other public chains, the market seems to have lost some attention to Ethereum.
Is there any way to bring Ethereum back to center stage again?
Recently, Vitalik Buterin said in a podcast that the focus in the future will be closer to the application layer.
If the next direction of Ethereum is to vigorously develop applications, then among the existing Layer 2 solutions, Arbitrum s newly launched Orbit is the one you must pay attention to.
From One, Nova to Orbit, Arbitrums plan for the future of Ethereum
If any user has felt confused about the market trends and the development of Ethereum over the past period of time, then Arbitrum Orbit may give you renewed hope.
First, according to Growthepie data, Arbitrum ranks first in stablecoin market value and TVL with 4.3 billion and 17.1 billion respectively. This also forms the basis for the explosion of Arbitrum ecosystem.
Why is Orbit important?
For Arbitrum, users may be more familiar with Arbitrum One and Arbitrum Nova.
Arbitrum Orbit is the latest product that allows users to build their own L2/L3. The figure below will mainly show the differences between them.
The structural relationship is as follows: developers can customize L3 through Orbit and put the settlement layer on any Ethereum L2, or they can customize L2 through Orbit, and the settlement layer is Ethereum.
Recently, the Arbitrum Foundation has proposed to ArbitrumDAO to consider allowing the Orbit chain to be deployed on any public chain such as Bitcoin, BNB Chain, Cosmos, etc.
The proposal has now passed with over 99% support. This proposal will increase ArbitrumDAO revenue and may have a positive impact on the long-term development of the Arbitrum ecosystem.
How is Orbit developing now?
Orbit progress and project review
From the beginning of the year to now, Orbit Chain has attracted more than 55 projects, covering DeFi, Gaming, NFT and Infra, including many leading projects such as Degen Chain, DODO Chain, Plume Network, etc.
There are also more than 100 projects under deployment.
In general, if the Ethereum ecosystem turns to more application construction, Orbit will definitely be an important part of it. After more than a year of debut, the Orbit ecosystem has begun to take shape. Next, if there is a wealth effect within the ecosystem, Orbit, Arbitrum, and the Ethereum ecosystem will inevitably receive more attention.
To learn more about Arbitrum’s progress, please follow the official Chinese Twitter account: https://x.com/arbitrum_cn
