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Arbitrum is a challenge that is building layer two scalability options for Ethereum with the target of supplying customers usage of speedier and cheaper transactions while continue to benefiting from the security from the Ethereum community.
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The Arbitrum 1 mainnet launched in August 2022 and immediately became one among the most well-liked layer two methods for Ethereum. The platform’s effective transactions have allowed it to help exceptional decentralized applications, perhaps most notably the GMX decentralized derivatives exchange.