Top 5 Crypto Projects on Arbitrum in 2023

Karolina

02 Oct 2023
Top 5 Crypto Projects on Arbitrum in 2023

The realm of blockchain and cryptocurrencies is witnessing a relentless wave of innovation. Among these advancements, Layer 2 scaling solutions have proven to be game-changers, especially for Ethereum. One such Layer 2 solution that has garnered immense attention is Arbitrum. With its capacity to facilitate scalable smart contracts, it has become a hotspot for novel crypto projects. In this article, we will dive into the top 5 crypto projects on Arbitrum in 2023 that are shaping the future of the decentralized world.

Why Projects on Arbitrum?

Before we delve into the list, it's crucial to understand what makes Arbitrum an attractive platform for developers and innovators.

Scalability. Arbitrum dramatically enhances the throughput of the Ethereum network. It allows projects to run more efficiently and handle greater volumes of transactions.

Compatibility. It offers seamless compatibility with Ethereum, meaning developers can use existing tools and applications without major modifications.

Security. By inheriting Ethereum’s security model, Arbitrum ensures that the projects built on it are as secure as those on Ethereum itself.

Reduced Gas Fees. Users and developers can relish the benefits of decreased transaction costs, making it more cost-effective to deploy and interact with applications.

Top 5 Projects on Arbitrum in 2023

As we explore the world of Arbitrum, some projects have clearly risen above the rest. Whether it's through their innovative solutions, user engagement, or sheer utility, these are the names that are setting the tone for the future.

GMX

Establishing itself as the pinnacle among projects on the Arbitrum platform, GMX is a decentralized perpetual exchange deeply integrated into Arbitrum's ecosystem. It enables effortless permissionless on-chain trading for more than a dozen tokens, such as BTC, ETH, AVAX, and UNI. With its meteoric rise, GMX now ranks as the most widely used DeFi exchange on Arbit

ZyberSwap (ZYB)

Built on the Arbitrum blockchain, ZyberSwap is a decentralized exchange (DEX) that features an automated market-maker (AMM) and offers low fees for swapping crypto assets. It's known for providing some of the most enticing rewards on the entire Arbitrum network for staking and yield farming, which makes it a popular choice among DeFi users. The platform is entirely dedicated to decentralization and active community participation, with all significant changes determined through governance voting.

For its token distribution, ZyberSwap has opted for a fair launch strategy to ensure equal opportunities for all users to obtain its tokens. Additionally, the platform has been rigorously audited for security and is nurtured by Solidproof. This relationship not only grants access to their expertise but also avails free audit and KYC procedures for new projects. In summary, ZyberSwap is a secure and user-centric DEX that paves the way in the rapidly expanding Arbitrum ecosystem.

VELA Exchange

A high-grade decentralized exchange on Arbitrum, Vela Exchange delivers a professional trading platform catering to numerous cryptocurrencies. The platform was created using Dexpools, a decentralized liquidity pool-based OTC trading system.

With the recent announcement of its Beta version, Vela Exchange has gained traction on Arbitrum, reaching a total transaction volume of around 5 billion USD. Impressively, the exchange has contributed to over 10% of Layer 2's on-chain activity. It showcasing the commitment and trust of the community in this perpetual exchange.

Vela provides an exchange where customers can establish trading positions on synthetic assets with leverages of up to 100x. The platform includes a USDC-backed stablecoin.

Camelot

Due to its ecosystem-centric and community-led approach to decentralized exchange (DEX) and liquidity provision, Camelot (GRAIL) stands as one of the most promising projects on Arbitrum in 2023. Focused on composability, Camelot offers a highly efficient and customizable platform with a tailored approach. Camelot, a feature-rich AMM, offers pool configurations uniquely tailored for specific trading pairs. Implementing a new liquidity approach using non-fungible staked positions, it adds an extra layer over traditional LP tokens and delivers more benefits to users and protocols.

The permissionless nature of Camelot enables projects to engage with the protocol directly, without requiring approval or interference from the team. This grants complete control over incentivizing and managing liquidity. A dual token system comprised of the native liquid GRAIL and non-transferable governance token xGRAIL contributes to a robust control over market supply flow. They promote long-term sustainability.

Radiant

Radiant Capital, an Arbitrum-based lending protocol platform, aims to evolve into a cross-chain lending platform. This will allow users to interact with various blockchains while borrowing and lending on a single platform.

On any major network, users can deposit major assets and borrow a variety of assets supported by multiple chains. The primary objective of Radiant is to consolidate the fragmented liquidity currently scattered across the top 10 alternative layers.

Currently holding the highest TVL on Arbitrum, Radiant Capital has positioned itself as the leading lending platform.

Conclusion - Projects on Arbitrum

The growth trajectory of Arbitrum is nothing short of impressive. With a growing ecosystem of projects establishing their presence on this Layer 2 solution, the future seems promising. The aforementioned projects are just the tip of the iceberg, representing a small fraction of the potential. As the realm of decentralized solutions expands, so will the innovations and opportunities on platforms like Arbitrum.

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AI in Real Estate: How Does It Support the Housing Market?

Miłosz Mach

18 Mar 2025
AI in Real Estate: How Does It Support the Housing Market?

The digital transformation is reshaping numerous sectors of the economy, and real estate is no exception. By 2025, AI will no longer be a mere gadget but a powerful tool that facilitates customer interactions, streamlines decision-making processes, and optimizes sales operations. Simultaneously, blockchain technology ensures security, transparency, and scalability in transactions. With this article, we launch a series of publications exploring AI in business, focusing today on the application of artificial intelligence within the real estate industry.

AI vs. Tradition: Key Implementations of AI in Real Estate

Designing, selling, and managing properties—traditional methods are increasingly giving way to data-driven decision-making.

Breakthroughs in Customer Service

AI-powered chatbots and virtual assistants are revolutionizing how companies interact with their customers. These tools handle hundreds of inquiries simultaneously, personalize offers, and guide clients through the purchasing process. Implementing AI agents can lead to higher-quality leads for developers and automate responses to most standard customer queries. However, technical challenges in deploying such systems include:

  • Integration with existing real estate databases: Chatbots must have access to up-to-date listings, prices, and availability.
  • Personalization of communication: Systems must adapt their interactions to individual customer needs.
  • Management of industry-specific knowledge: Chatbots require specialized expertise about local real estate markets.

Advanced Data Analysis

Cognitive AI systems utilize deep learning to analyze complex relationships within the real estate market, such as macroeconomic trends, local zoning plans, and user behavior on social media platforms. Deploying such solutions necessitates:

  • Collecting high-quality historical data.
  • Building infrastructure for real-time data processing.
  • Developing appropriate machine learning models.
  • Continuously monitoring and updating models based on new data.

Intelligent Design

Generative artificial intelligence is revolutionizing architectural design. These advanced algorithms can produce dozens of building design variants that account for site constraints, legal requirements, energy efficiency considerations, and aesthetic preferences.

Optimizing Building Energy Efficiency

Smart building management systems (BMS) leverage AI to optimize energy consumption while maintaining resident comfort. Reinforcement learning algorithms analyze data from temperature, humidity, and air quality sensors to adjust heating, cooling, and ventilation parameters effectively.

Integration of AI with Blockchain in Real Estate

The convergence of AI with blockchain technology opens up new possibilities for the real estate sector. Blockchain is a distributed database where information is stored in immutable "blocks." It ensures transaction security and data transparency while AI analyzes these data points to derive actionable insights. In practice, this means that ownership histories, all transactions, and property modifications are recorded in an unalterable format, with AI aiding in interpreting these records and informing decision-making processes.

AI has the potential to bring significant value to the real estate sector—estimated between $110 billion and $180 billion by experts at McKinsey & Company.

Key development directions over the coming years include:

  • Autonomous negotiation systems: AI agents equipped with game theory strategies capable of conducting complex negotiations.
  • AI in urban planning: Algorithms designed to plan city development and optimize spatial allocation.
  • Property tokenization: Leveraging blockchain technology to divide properties into digital tokens that enable fractional investment opportunities.

Conclusion

For companies today, the question is no longer "if" but "how" to implement AI to maximize benefits and enhance competitiveness. A strategic approach begins with identifying specific business challenges followed by selecting appropriate technologies.

What values could AI potentially bring to your organization?
  • Reduction of operational costs through automation
  • Enhanced customer experience and shorter transaction times
  • Increased accuracy in forecasts and valuations, minimizing business risks
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Want to implement AI in your real estate business?

Nextrope specializes in implementing AI and blockchain solutions tailored to specific business needs. Our expertise allows us to:

  • Create intelligent chatbots that serve customers 24/7
  • Implement analytical systems for property valuation
  • Build secure blockchain solutions for real estate transactions
Schedule a free consultation

Or check out other articles from the "AI in Business" series

AI-Driven Frontend Automation: Elevating Developer Productivity to New Heights

Gracjan Prusik

11 Mar 2025
AI-Driven Frontend Automation: Elevating Developer Productivity to New Heights

AI Revolution in the Frontend Developer's Workshop

In today's world, programming without AI support means giving up a powerful tool that radically increases a developer's productivity and efficiency. For the modern developer, AI in frontend automation is not just a curiosity, but a key tool that enhances productivity. From automatically generating components, to refactoring, and testing – AI tools are fundamentally changing our daily work, allowing us to focus on the creative aspects of programming instead of the tedious task of writing repetitive code. In this article, I will show how these tools are most commonly used to work faster, smarter, and with greater satisfaction.

This post kicks off a series dedicated to the use of AI in frontend automation, where we will analyze and discuss specific tools, techniques, and practical use cases of AI that help developers in their everyday tasks.

AI in Frontend Automation – How It Helps with Code Refactoring

One of the most common uses of AI is improving code quality and finding errors. These tools can analyze code and suggest optimizations. As a result, we will be able to write code much faster and significantly reduce the risk of human error.

How AI Saves Us from Frustrating Bugs

Imagine this situation: you spend hours debugging an application, not understanding why data isn't being fetched. Everything seems correct, the syntax is fine, yet something isn't working. Often, the problem lies in small details that are hard to catch when reviewing the code.

Let’s take a look at an example:

function fetchData() {
    fetch("htts://jsonplaceholder.typicode.com/posts")
      .then((response) => response.json())
      .then((data) => console.log(data))
      .catch((error) => console.error(error));
}

At first glance, the code looks correct. However, upon running it, no data is retrieved. Why? There’s a typo in the URL – "htts" instead of "https." This is a classic example of an error that could cost a developer hours of frustrating debugging.

When we ask AI to refactor this code, not only will we receive a more readable version using newer patterns (async/await), but also – and most importantly – AI will automatically detect and fix the typo in the URL:

async function fetchPosts() {
    try {
      const response = await fetch(
        "https://jsonplaceholder.typicode.com/posts"
      );
      const data = await response.json();
      console.log(data);
    } catch (error) {
      console.error(error);
    }
}

How AI in Frontend Automation Speeds Up UI Creation

One of the most obvious applications of AI in frontend development is generating UI components. Tools like GitHub Copilot, ChatGPT, or Claude can generate component code based on a short description or an image provided to them.

With these tools, we can create complex user interfaces in just a few seconds. Generating a complete, functional UI component often takes less than a minute. Furthermore, the generated code is typically error-free, includes appropriate animations, and is fully responsive, adapting to different screen sizes. It is important to describe exactly what we expect.

Here’s a view generated by Claude after entering the request: “Based on the loaded data, display posts. The page should be responsive. The main colors are: #CCFF89, #151515, and #E4E4E4.”

Generated posts view

AI in Code Analysis and Understanding

AI can analyze existing code and help understand it, which is particularly useful in large, complex projects or code written by someone else.

Example: Generating a summary of a function's behavior

Let’s assume we have a function for processing user data, the workings of which we don’t understand at first glance. AI can analyze the code and generate a readable explanation:

function processUserData(users) {
  return users
    .filter(user => user.isActive) // Checks the `isActive` value for each user and keeps only the objects where `isActive` is true
    .map(user => ({ 
      id: user.id, // Retrieves the `id` value from each user object
      name: `${user.firstName} ${user.lastName}`, // Creates a new string by combining `firstName` and `lastName`
      email: user.email.toLowerCase(), // Converts the email address to lowercase
    }));
}

In this case, AI not only summarizes the code's functionality but also breaks down individual operations into easier-to-understand segments.

AI in Frontend Automation – Translations and Error Detection

Every frontend developer knows that programming isn’t just about creatively building interfaces—it also involves many repetitive, tedious tasks. One of these is implementing translations for multilingual applications (i18n). Adding translations for each key in JSON files and then verifying them can be time-consuming and error-prone.

However, AI can significantly speed up this process. Using ChatGPT, DeepSeek, or Claude allows for automatic generation of translations for the user interface, as well as detecting linguistic and stylistic errors.

Example:

We have a translation file in JSON format:

{
  "welcome_message": "Welcome to our application!",
  "logout_button": "Log out",
  "error_message": "Something went wrong. Please try again later."
}

AI can automatically generate its Polish version:

{
  "welcome_message": "Witaj w naszej aplikacji!",
  "logout_button": "Wyloguj się",
  "error_message": "Coś poszło nie tak. Spróbuj ponownie później."
}

Moreover, AI can detect spelling errors or inconsistencies in translations. For example, if one part of the application uses "Log out" and another says "Exit," AI can suggest unifying the terminology.

This type of automation not only saves time but also minimizes the risk of human errors. And this is just one example – AI also assists in generating documentation, writing tests, and optimizing performance, which we will discuss in upcoming articles.

Summary

Artificial intelligence is transforming the way frontend developers work daily. From generating components and refactoring code to detecting errors, automating testing, and documentation—AI significantly accelerates and streamlines the development process. Without these tools, we would lose a lot of valuable time, which we certainly want to avoid.

In the next parts of this series, we will cover topics such as:

Stay tuned to keep up with the latest insights!