Top 5 Crypto Projects on Arbitrum in 2023


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.


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.


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 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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What is Account Abstraction?


10 Nov 2023
What is Account Abstraction?

Account abstraction is a new way of thinking about how users interact with blockchains. Instead of using traditional externally owned accounts (EOAs), account abstraction allows users to create and manage their accounts using smart contracts. This has a number of potential benefits, including improved security, enhanced privacy, and increased flexibility.

What is account abstraction?

Account abstraction is a concept that, at its core, aims to simplify the user's interaction with blockchain networks. It is a transformative approach that seeks to mask the technicalities of blockchain operations from end-users. It is making transactions as straightforward as sending an email. Account Abstr. allows users to interact with the blockchain without worrying about the underlying technical details.

How does account abstraction differ from the traditional model?

In the traditional account model, each user has an EOA. EOAs are controlled by private keys, which must be kept secret in order to protect the user's funds. Acc. abstraction allows users to create and manage their accounts using smart contracts.

Historical Context

The journey towards acc. abstraction began with the first generation of blockchain technologies, characterized by their "one-size-fits-all" approach to account management. Bitcoin, for instance, introduced the concept of accounts and transactions in a form that was accessible to tech-savvy individuals but remained perplexing to the layperson. Ethereum expanded on this by introducing smart contracts, which opened the door to programmable transactions but did not alter the fundamental account structure. The idea of acc. abstraction has been discussed in the Ethereum community for several years as a part of various Ethereum Improvement Proposals (EIPs), particularly as a feature to be potentially implemented in Ethereum 2.0. It is a direct response to the need for a more versatile and user-centric design that can cater to a broader audience and spur the widespread adoption of blockchain technology.

The Technicalities of Account Abstraction

Account abstraction is not merely a theoretical construct but a technical innovation with specific mechanisms underpinning its operation. In essence, it alters the way transactions are initiated and executed within a blockchain network.

How Account Abstraction Works

Under traditional blockchain models, initiating a transaction involves an externally owned account (EOA) signing a transaction with a private key. This transaction is then broadcast to the network for validation and inclusion in the blockchain. Account abstraction, however, replaces this process with a more flexible one. Here, every account is a smart contract, and transactions are messages sent through these contracts. These smart contracts can encode complex rules for transaction validation, beyond what EOAs can do, such as multi-signature requirements or conditional transactions based on certain triggers.

The technical crux of account abstraction lies in the smart contract’s ability to define its own conditions for transaction execution. This means that user accounts can have unique security protocols or automated operations without the user needing to understand the underlying smart contract code.

Hey! Are you interested in the latest technologies in the blockchain area? be sure to read the article 'Top Zero-Knowledge Proof Projects to watch in 2023'

The Benefits of Account Abstraction

The implications of account abstraction are profound, offering a range of benefits that can enhance the blockchain experience for users and developers alike.

Improved User Experience

One of the most significant advantages of account abstraction is the improvement it brings to user experience. By abstracting away the complexities of key management and transaction rules, it presents a more intuitive interface for users.

Enhanced Security Features

Account abstraction also allows for the implementation of advanced security measures. Since each account can define its own logic, users can tailor their security settings to their specific needs. For instance, one might set up an account that requires additional verification for transactions exceeding a certain value or restricts withdrawals to certain addresses.

Future Implications

The future implications of account abstraction are vast. As the technology matures, it could become a standard feature of blockchain networks, potentially making the current distinction between user accounts and smart contracts obsolete. This could lead to a new wave of blockchain applications that are both powerful and accessible, bringing us closer to the vision of blockchain technology as a seamless part of everyday life.

Challenges and Considerations

Technical Limitations

One of the primary technical challenges of Acc. abstraction lies in its integration with existing blockchain protocols. Current networks are optimized for the EOA model, and introducing a new account structure necessitates significant changes to the core protocol. This includes modifications to the way transactions are propagated in the network, how gas fees are calculated, and how the state of the blockchain is managed. Ensuring that these changes do not compromise the network's performance or security requires careful planning and extensive testing.

Compatibility with Current Systems

Another consideration is the compatibility of account abstr. with the vast ecosystem of existing blockchain applications and services. Wallets, exchanges, and other services have been built around the traditional account model. Transitioning to an acc. abstraction model will require these services to update their infrastructure, which may be a complex and resource-intensive process. Furthermore, there is a need for standardization across the industry to ensure that different implementations of account abstr. can work seamlessly together.


Acc. abstraction represents a significant leap forward in the quest for a more user-friendly blockchain experience. By streamlining the transaction process and offering enhanced security features, acc abstraction has the potential to make blockchain technology more accessible to a broader audience. However, the path to widespread adoption is not without its obstacles. Technical challenges and compatibility issues must be carefully navigated to integrate it into the existing blockchain landscape.

Key Takeaways

How to Add Gnosis Chain to MetaMask: A Simple Tutorial


03 Nov 2023
How to Add Gnosis Chain to MetaMask: A Simple Tutorial

As the cryptocurrency ecosystem expands, there is an increasing need for various blockchains with distinct capabilities. Gnosis Chain enters the scene, offering a selection of unique characteristics. By integrating Gnosis Chain with MetaMask, users can access a more comprehensive array of decentralized services. We will walk you through the steps to add Gnosis Chain to your MetaMask wallet in this tutorial.


Setting up MetaMask

Before exploring the integration of Gnosis Chain, it is crucial to have MetaMask installed and operational:

  • Download and Install: If you have not done so already, visit the official website to download and install the MetaMask browser extension.
  • Setup Account: After completing the installation, create your account and make sure to remember the provided seed phrase. This phrase serves as your primary means for account recovery, so keep it secure.
  • Secure Your Account: Protecting your MetaMask account is of utmost importance. Use a robust password and never disclose your seed phrase to anyone.

Gnosis Chain

It is always helpful to have a basic understanding before incorporating any new blockchain into your wallet:

  • Gnosis Chain Overview: Gnosis Chain, a rising star in the blockchain world, brings a range of decentralized solutions to the table, such as prediction markets and decentralized trading platforms.
  • Benefits & Features: Among Gnosis Chain's main selling points are its accelerated transaction speeds and potentially lower fees when compared to congested networks.

Tutorial: How to Add Gnosis Chain to MetaMask

In the top right-hand corner of your browser, you'll find the wallet. If pinned, click on the MetaMask fox icon; if not, click the three dots in the top-right corner. The following screen will appear:

An option to expand the wallet to a new browser page is available by clicking "Expand view:"

This action will launch MetaMask in a new tab:

By clicking on the ‘Ethereum mainnet’ in the top left corner, you can add another network. Click ‘Add Network’

Choose option ‘Add a network manually’

Then, input the information below:

Network Name: Gnosis Chain formerly xDai


ChainID: 100

Symbol: XDAI

Block Explorer URL:

After saving the settings, Gnosis Chain will be added to your network.

The Benefits of Adding Gnosis Chain to MetaMask

With multiple blockchains becoming more common, integrating Gnosis Chain with MetaMask offers numerous advantages:

Expanded Capabilities: Accessing Gnosis Chain through MetaMask opens up a collection of exclusive applications and features inherent to this particular blockchain, which may include unique dapps or cutting-edge financial products.

Diversification: The crypto domain is extensive and constantly growing. By incorporating various chains like Gnosis into MetaMask, you broaden your potential investment opportunities and decentralized application experiences, ensuring no opportunities are missed.

Speed & Cost-Effectiveness: Network congestion and high gas fees on established platforms like Ethereum can discourage many users. Gnosis Chain's architecture has the potential to provide relief through quicker transaction times and more affordable fees.

In summary, as the possibilities within the crypto sphere continue to evolve, tools like MetaMask grant users access to this expanding world. By adding chains like Gnosis, users can stay ahead in this decentralized revolution.


By bridging platforms like Gnosis Chain with accessible tools like MetaMask, individuals not only amplify their engagement with decentralized applications but also fortify their position in this expansive realm. The integration of Gnosis Chain to MetaMask epitomizes the evolution of the crypto landscape – a testament to its ever-growing diversity and potential. As we continue to delve deeper into the decentralized future, tools and integrations like these will undoubtedly play a pivotal role in shaping our digital experiences and opportunities. Whether you're seeking more efficient transactions, diverse dapp interactions, or simply a broader understanding of the crypto ecosystem, this guide's steps open doors to a new horizon.